Can Renters Solve the Housing Crisis?

As home ownership rates continue to fall or remain low, more and more Americans are renting property—rental rates are currently growing at 5% per year.  With this in mind, investors are buying up property that will attract renters in the short term and that can be sold for a profit in the long term.  While potential home buyers worry about the state of economy and unemployment, rental properties are up for the taking.  And they’re an attractive solution: affordable and easier to leave than a full-blown mortgage payment, they allow potential homeowners grow accustomed to making monthly payments without fearing more severe economic problems.  Right now, rentals are putting money into investors pockets- money that can be used to buy more property, kick starting the market once again.

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