Rental Fever
May 27, 2015 1:30pm by Barry Ritholtz
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People paying off student loans can’t come up with a down payment but can come up with a security deposit.
That’s one factor. Other include:
– Lack of rising wages.
– Milennials not taking the bait on wealth accumulation due to home ownership.
– On a percentage basis, significantly less parents willing to put up down payments for twentysomethings.
– Change in values (convenience vs. pride of ownership, etc.).
– Tequila!!!