Renting Smarter Than Buying for Half of Homeowners

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It might be time to rethink the American dream.

Long considered the quickest way the build wealth and encourage saving, homeownership has been steadily declining since 2004 and fell to a rate of 64.4 percent in October, the lowest level in 19 years. Americans 35 years and younger, whose homeownership is near a historic low at 36 percent, have taken lots of heat for their apprehension to buy, but new research suggests they may be onto something.

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This article was featured in an edition of AAOA Today and was hand selected by our editors as a piece of interest for American Apartment Owners Association Members.