Not too long ago I was talking with one mortgage industry veteran who confessed to me that he was renting a home in Florida and absolutely loved it. The rent was quite reasonable and if something went wrong with the mechanics he just called the landlord. Now in his 60s, he had owned several homes in the past and had divorced about a year ago. Would he ever return to owning, I asked. Answer: Probably not. Meanwhile on Wednesday the government released new figures suggesting that renting is “in” and owning may be out: Multifamily starts spiked 50% in September to the highest level in three years while single-family starts edged up just 1.7%. Of course, contrarians out there might suggest this means housing has finally reached a bottom.
Processing Content
