A look at the age-old question: To buy or to rent? Excerpt:
However lawmakers define the government’s role in the housing market, consumers have already begun redefining the American Dream: One where it has become socially OK to mail in a rent check rather than a mortgage coupon.
Hmmm. Is the current trend really about it being “socially OK” to rent? Doesn’t it have a little to do with foreclosures, lost jobs, economic instability, tight credit, fears of falling home values, and this overall thing called the “Great Recession”? You decide.
File under: Questions, questions