Monday, October 26, 2009

Why the Rich Are Renting

An article in this week's Forbes Magazine notes that renting, in the current market environment, is a "startling good deal". The article adds that with rents falling, renting is a "better move" than buying in many areas of the country.

We've been saying for a while now that the number and demographic trend of residential renters will continue to grow as people realize more and more that home ownership does not represent a good investment.

The ATA is on the cutting edge of this trend. As we grow in influence, we will continue to be a significant force for Americans who rent their homes.

Here's a link to the Forbes Magazine article.

http://www.forbes.com/2009/10/23/real-estate-advisor-personal-finance-high-end-rentals.html?ref=patrick.net

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