Rising rent squeezes Middle America | Cross River Real Estate
For many people, renting instead of buying proves to be a cost-effective way to put a roof over their heads.
Renting certainly has its potential benefits. For some people, the lower cost of renting allows them to save up to buy a home. In other cases, renters have no choice but to rent.
And even for others, renting allows them to flexibility to move from place to place without the pain of buying and selling a home.
Sometimes it's a combination of many factors.
The truth remains, for many Americans, paying the rent is an unavoidable reality in their monthly life cycle.
These days, being a renter means facing a cyclical reality of maybe never owning a home. That's because it becoming increasingly more difficult for renters to save any money to buy a place of their own because their rent continues to rise.
read more....
http://www.housingwire.com/blogs/1-rewired/post/30992-rising-rent-squeezes-middle-america
Renting certainly has its potential benefits. For some people, the lower cost of renting allows them to save up to buy a home. In other cases, renters have no choice but to rent.
And even for others, renting allows them to flexibility to move from place to place without the pain of buying and selling a home.
Sometimes it's a combination of many factors.
The truth remains, for many Americans, paying the rent is an unavoidable reality in their monthly life cycle.
These days, being a renter means facing a cyclical reality of maybe never owning a home. That's because it becoming increasingly more difficult for renters to save any money to buy a place of their own because their rent continues to rise.
read more....
http://www.housingwire.com/blogs/1-rewired/post/30992-rising-rent-squeezes-middle-america
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