Quote:
Originally Posted by Vlajos
Interesting and great to hear, that coincides with stronger job growth this year than last, so I guess not very surprising.
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I think it's a national trend resulting from an ongoing dearth of sellers in the housing market since everyone who was going to go under did 10 years ago and everyone else either just bought or bought at steep discounts to today's prices and are in no hurry to realize gains and reinvest that money at today's prices or plow it into stocks sitting at record highs or bonds sitting at historically low interest rates. There's basically nowhere for money to go right now and no one in a difficult position where they need to liquidate. That means prices continue to rise and rise making renting an ongoing attractive option.
Also right on time, 82% of people say renting is cheaper than buying right now:
https://www.cnbc.com/2019/07/08/rent...ning-home.html