Did you know in a recent survey more than 55% of people gave this reason for renting instead of buying: They hadn't saved enough or had too much debt.
And at the bottom of the list? Fewer than 8% said they were concerned housing prices might fall. (See chart below.)
Buying a Home: A Good Investment?
About 60 percent of respondents think buying property in their zip code is a good investment, while only 12 percent think it’s a bad one. Renters view buying to be a good investment just as much, or more so, than homeowners.
Getting a Mortgage?
When asked how easy or difficult they thought it would be to get a mortgage, if they wanted to buy a home today, about two-thirds of the renters said they thought it would be somewhat or very difficult for them to get a mortgage. Only about 5 percent thought it would be very easy.
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