Freddie Mac shares the results of a recent Consumer Expectations survey conducted by the Federal Reserve Bank of New York on why renters rent.
The survey shows that 55 percent of people said they hadn’t saved enough or had too much debt. A marginal number, the bottom of the list at 8 percent, responded that they were concerned that housing prices might fall. When it comes to home buying as an investment, about 60 percent of renter respondents think buying property in their zip code is a good investment, which is just as much, or more so, than homeowners.
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