4 ms·
[citation needed] I have no doubt there are plenty of people who rent permanently in an area but would rather own. But "most"? Half of renters are under 40; a
by zamfi 4y ago
[citation needed]
I have no doubt there are plenty of people who rent permanently in an area but would rather own. But "most"?
Half of renters are under 40; according to one analysis, half of renters are young folks just looking for what they can afford in a place they're not sure they want to settle into yet: https://www.naahq.org/who-are-todays-renters https://www.naahq.org/who-are-todays-renters
Granted all this is in the US, where homeownership rates hover around 65-66%. I sadly (happily?) don't know anything about the rent/own dynamics in places I have not lived.
- janef0421 4y agoBy area, I mean a metropolitan area, and I think most residents of a metropolitan area at any given time have no active plan to leave that metropolitan area.
- zamfi 4y agoYes, I understand what you mean, and I am disagreeing with you that “most” (as in > 50%) renters who have no active plan to leave a metro area would rather buy, but don’t because they can’t afford to. Some, sure. But doesn’t seem like it’s “most”.