Quote of the Day: Good Renters, Bad Homeowners
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLJs22FNqyXbVRldtPr1ZBI5euha6_5BDQAVe60JmJIAYJpQF8qTCfV7V82U3tcn1lpGb4R5OjbvPGskbLTCnE8M1H2_uh-B3WoBo4uaLK9Nnyoh57w2-HFTTWsrJlRJ5Nw91Y/s400/home.bmp)
"Easy credit made bad homeowners out of good renters."
~Los Angeles manager of rental property, from an article in today's Mpls.-St. Paul Star Tribune
~Los Angeles manager of rental property, from an article in today's Mpls.-St. Paul Star Tribune
Fortunately maybe, the homeownership rate in the U.S., after rising by 5 percentage points (from 64% to 69%) between 1994 and 2004, has fallen over the last four years by the biggest amount (.80%) since the mid-1980s (see chart above). Hopefully, many of the bad homeowners of the last few years of easy credit and now rising foreclosures are becoming good renters again.
0 Comments:
Post a Comment
<< Home