Now That Housing Has Soured, Renters Are Glad They Didn’t Buy
November 2nd, 2007by Jane Hodges Thursday, November 1, 2007
With the housing-market slowdown, tightening mortgage-lending standards and rising home foreclosures, renters are more easily answering the question: “Why rent when you can own?” Such a question was common during the housing boom, when homeowners, happy with the gains their homes were making — at least on paper — would urge non-property-owner friends to join the party.
