Author Topic: The US has become a nation of renters  (Read 5581 times)

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Denny Crane

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The US has become a nation of renters
« on: April 18, 2012, 11:46:59 am »
Since 2005, the US real estate market has crashed 35% whilst during the period, rents have risen dramatically.
Even US house builders have started specifically building rental properties.

There are several reasons:
A lack of funds. Buyers cannot afford the 20% deposit required for mortgages.
and they also fear:
Falling prices - why buy something that will be worth less in the future.
Being stuck with a home they cannot sell
Losing their job
Rising interest rates and the impact this will have on prices.
All of these fears are alleviated by renting.
If you need a lawyer to get you off, I'm your man. If you don't, the offer is still good!
It's all good
DENNY CRANE - Names on the door