Rise and Fall of the Rentals: As America becomes more transient, homeowners are shifting from owning the American Dream to renting it
Uncertainty has become a way of life
With employment being so uncertain, being able to relocate quickly is an advantage. There may be a need to move to another area to find work, and gitting out of a lease is a lot easier than selling a home.
While rents in some areas are not cheap, living in a rental property is generally less expensive than living in a home. Many people are living on less income and therefore are not able to pay for home repairs, maintenance, and taxes, so downsizing and living on less makes sense. In addition, although still working, many people are not earning enough to maintain previous lifestyles.
A very well written article, informative and easy to read.
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