Check out this article re-posted from Bloomburg about some factors affecting the rental housing market. Written by A. Gary Shilling. http://www.bloomberg.com/news/2012-02-22/why-renters-rule-u-s-housing-market-part-1-a-gary-shilling.html "...It also means the addition of 3.9 million new renters,
Check out this article re-posted from Bloomburg about some factors affecting the rental housing market. Written by A. Gary Shilling.http://www.bloomberg.com/news/2012-02-22/why-renters-rule-u-s-housing-market-part-1-a-gary-shilling.html
"...It also means the addition of 3.9 million new renters, or 780,000 per year. This doesn’t suggest that we are becoming a nation of renters. Instead, it reflects the elimination of the widely held belief that house prices always rise and the end of loose lending practices that drove the homeownership rate to its 2004 peak."
