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More than half of Gen Z says renting is a better option than buying a home
The Hill ^ | 08/08/2023 | ADAM BARNES

Posted on 08/08/2023 11:26:37 AM PDT by ChicagoConservative27

High housing prices nationwide are leading many to view renting as a smarter move than purchasing a home, according to a report released Tuesday.

More than two-fifths — 44 percent — of renters surveyed by RealPage said that renting is a better option than buying. The top reason among all surveyed was affordability.

Broken down by generations, Generation Z renters led the way, with 51 percent saying renting is the best choice.

For the survey, RealPage asked 25 questions to 2,000 multi-family renters ages 55 and below across the country whose income ranged between $20,000 to $200,000.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: gen; home; renting; z
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To: ChicagoConservative27

A higher percentage of Chinese own their homes than Americans.

Their living standards are also rising while ours are falling.


61 posted on 08/08/2023 2:06:53 PM PDT by Trumpisourlastchance
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To: ProtectOurFreedom

That’s true. It’s just frustrating spending money on those things. Lol.


62 posted on 08/08/2023 2:24:04 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: BBB333

Wow! That’s a huge jump. You’re a millionaire!


63 posted on 08/08/2023 2:25:31 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: ChicagoConservative27

Herr’s the state of the market in CT. It’s no surprise that this is out of reach for most Gen Z:

https://www.courant.com/2023/08/07/few-ct-houses-for-sale-but-no-big-building-boom-a-lot-of-things-in-our-way/


64 posted on 08/08/2023 2:28:26 PM PDT by 9YearLurker
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To: Cletus.D.Yokel

Things no longer have a “cost.” It is “how much can you afford.” I went looking at cars and not a single “dealer” would tell me what the truck cost. It was, “how much can you afford.”

You’ll own nothing and like it.


65 posted on 08/08/2023 2:41:09 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: ChicagoConservative27

Took 65 years, but closed on a house last week together with my daughter. 100 years old, in the hood, solid with nice wood.


66 posted on 08/08/2023 2:43:40 PM PDT by Fester Chugabrew (Seriously.)
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To: Steve_Seattle

You force everyone into whatever you want by getting younge people to buy into it.

Consider cell phones. Except for a handful of execs. They were originally an item that mostly 20 somethings bought into. Then they stopped..or never started..getting a land line. Then little by little everyone had one. And now we can hardly function without them. And land lines have almost disappeared.


67 posted on 08/08/2023 2:50:33 PM PDT by Leep (What skill or service did the biden family have that netted them tens of millions of dollars?)
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To: ChicagoConservative27

In the past 2-3 years a fake 20-40% increase in home values, which are not warranted, along with 7-8% interest rate? Who is gonna take that deal. Thats what these kids are looking at.


68 posted on 08/08/2023 3:54:22 PM PDT by KC_Conspirator
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To: napscoordinator

I guess. We built a small house... only the two of us - 2nd smallest home in our subdivision.

The last two sales in our smallish subdivision have been $1,950,000 & $2,150,000.

There is a lot for sale for $800,000.

We don’t care — Mrs. BBB333 goes in for her next PET scan tomorrow at 8:30 AM...I just would like to have more time with her.

She’s doing well and I believe we have a few really good years ahead...

As an aside, Mrs BBB333 is a RE Broker Owner and she rents three homes in our subdivision for the out of state owners. It is better to own rather than rent — IMHO.

Thanks, FRiend.


69 posted on 08/08/2023 4:28:08 PM PDT by BBB333 (The Power Of Trump Compels You!)
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To: Bratch

And the government will give you power over the owners


70 posted on 08/09/2023 2:32:31 AM PDT by ronnie raygun
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To: ChicagoConservative27

Black Rock, Invitation Homes, and other financial behemoths began buying up single family homes around 2010.

That’s where the full cash offers above market driving the California market have come from. It’s been spreading around the country since then.

Some of these funds are rumored to be fronting for China’s sovereign wealth fund. That’s who young American buyers are competing against and they haven’t got a prayer.


71 posted on 08/09/2023 6:50:44 AM PDT by Pelham (President Eisenhower. Operation Wetback 1953-54)
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To: caww
Gen. Z wants to remain mobile.

Watch the police and the tax man miss me!

72 posted on 08/09/2023 6:53:03 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: caww

I sold my horse farm in the Nashville suburbs boom for thrice the price I paid in 09

I rent now so my son can finish his last two years at posh Franklin high school

From an associate at a third normal rate for a 2500 ft ranch on six acres tween brentwood and Franklin

It’s run down but very suitable

No brainer

Not sure where to go after this can’t afford to live here now

I didn’t own till aged 43

Had three homes since then and did well on all

Id like to move back to Mississippi where’s its 2/3 cheaper

But wifey not so keen and I haven’t lived there since 80

But huge family there I’ve known 65 years and seven generations of roots

Mississippi has its quirks though given demographics and crime

But I’m used to it

Stay heeled
Keep rotties on hand
Avoid Jackson proper


73 posted on 08/09/2023 7:52:23 AM PDT by wardaddy (Why so many nevertrumpers with early sign ups and no posting history till now? Zot them PTB)
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