article from :
http://finance.yahoo.com/banking-budgeting/article/111540/americans-dig-out-of-debt-move-toward-renting
People are sheep…They sell when they should buy and buy when they should sell…Renting now vs buying is idiotic…
http://money.cnn.com/2010/12/10/pf/buy_a_home_now.moneymag/index.htm
Another article from John Paulson…Claiming the best time in 50 years to buy a home is now…
I LOVE articles like this “Americans renting”. It makes it that much easier for me to get GREAT DEALS on properties because the HERD believes what ever the MEDIA feeds them!!!
Take this to the BANK…
If the HERD is being fed this SLOP…You can bet the farm that THIS is the absolute BOTTOM of the real estate bust!!! When the same IDIOTS who wrote about the “VALUE” of over priced, over mortgaged, can’t go down real estate in 2006 and NOW write about the VALUE of renting???
RUN…RUN FOREST…RUN!!!
I believe a big part of the increase in renters is because of the amt. of foreclosures over the last year or two… I doubt they’re renting because they want to… This may very well be the best time to buy a home, but with unemployment, more restrictive lending and many people’s credit rating taking a hit, there’s just not enough demand out there. I agree that housing has bottomed, but the current inventory needs to be worked off before housing starts to rise again. Unless they govt. starts up a stimulus plan for REI’s :beer… This is actually good news for REI’s because this bottom can move sideways for quite a while…