People who rent rather than own their homes are buying flexibility. For some flexibility means having a better job. Home ownership isn’t for everyone.
The National Association of Realtors conducted a survey to study non-home owners. Most would like to own a home at some point in the future. I aspired to be a homeowner from the time I graduated from college. I was 29 when we bought our first home. At the time the challenge was saving up for a downpayment.
To some buying real estate is an investment. To me, it was always about owning a home that I could call my own. A place to live with neighbors and a garden and a front porch.