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Choosing renting is not just about high housing prices, but about the flexibility to compete in today’s economy

By Patrick following x   2018 May 6, 8:08pm 468 views   2 comments   watch   sfw   quote     share    


https://www.citylab.com/equity/2018/05/the-great-housing-reset/559466/

The national homeownership rate has plummeted over the past decade, from an all-time high of 68.8 percent in 2005 to 62.7 percent in 2015. That’s lower than the rate in 1985, when homeownership stood at 63.5 percent.

But the shift from owning to renting a home is much more dramatic in certain cities, and the most innovative and dynamic metropolitan areas consistently post the lowest homeownership rates.
1   RC2006   ignore (0)   2018 May 6, 9:03pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

All good and well unless you have children.
2   DASKAA   ignore (3)   2018 May 6, 9:28pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

RC2006 says
All good and well unless you have children.


... and a working spouse. Moving to another region and finding a better job is one thing, doing the same for two is whole 'nother. Especially if you're in different industries.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
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