Top Reasons Renters Say They Want to Own

DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 12, 2013

A recent study by mortgage giant Fannie Mae showed that 90 percent of renters aspire to be home owners one day, and the top reason behind that desire is for the sense of gaining greater control over their living arrangements.

The survey revealed the following top reasons why renters want to own:

  • “Control over what you do with your living space”: 84% of renters said this was their main desire for owning;
  • “Having a sense of privacy and security”: 80%
  • “Having the best investment plan”: 78%
  • “Having a good place for family or to raise your children”: 78%
  • “Living in a nicer home”: 71%
  • “Building wealth”: 70%
  • “Saving for retirement”: 69%

In the survey, renters identified the following reasons for why they are renting:

  • “Living within your budget”: 57%
  • “Having less stress”: 52%
  • “Making the best decision given the current economic climate”: 50%

Source: “Why It’s True: You Should Own, Not Rent,” TheStreet.com (June 11, 2013)

Read More

American Renters Getting Squeezed
What Renters Are Willing to Sacrifice for a Home

 

http://realtormag.realtor.org/daily-news/2013/06/12/top-reasons-renters-say-they-want-own

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: