TrendSpotting: Rentaling vs Owning

Not Ready to Scale Back

Click to enlarge:
Trend toward renting
Chart
Source: Merrill Lynch

 

Quite astonishing way to depict the data of longer term trend toward renting: One of the outcomes of the housing bust was a decisive increase in the population of renters.

From 2007 through 2012, there have been over 5 million new renters, which came at the expense of 1.2 million fewer homeowners.

The trend has yet to significantly reverse itself (yet). And 2005-06 were obviously outlier years; I’d like to see this data going back decades.

Even still, the above chart astonishes.

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Click here to¬† see the definition of “Rentaling.”

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