Despite the most affordable buying market in decades, households across the country are slowly choosing rentals versus home ownership, signaling a positive economic trajectory for the multifamily sector, according to Freddie Mac’s October 2011 economic outlook report released Monday.
In the year ending June 2011, the Census Bureau reported a net increase of 1.4 million households that [...]
All the above posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.
My Overview -
As more and more people become disillusioned with banks and finance companies they are turning back to what they believe is a securer way to make sure their family has a roof over their head. Of course having seen the rising investment banks supporting property purchase over a number of years with higher and higher equity percentages and the drop in property values, the secure rental market no longer demands a good tenant but higher and higher rentals from their property tenancy.
The eventual upshot is hard to contemplate but unless the world changes from an economy built on borrow now pay later and a business is only success is measured by its profitability and not by its loyal customer base, then we are doomed to a lower standard of living and having to realize one day that our way was wrong and pay now is much better than pay tomorrow, as sooner rather than later we will have used up all our tomorrows.