http://www.msn.com/en-us/money/realestate/decade-after-housing-peaked-owners-richer-renters-hurting/ar-AAhkiRU?li=BBnbfcN
Property ownership is a great way to build wealth! Rents are very high which makes renters stuck in their rentals since they are not able to save to purchase a home.
—Historically low mortgage rates have enabled homeowners to refinance and shrink their monthly payments, thereby reducing a major household cost. The median annual mortgage expense for a U.S. homeowner has dropped by $1,492 since 2006.
—A combination of foreclosures and new college graduates crowding into the strongest job markets has raised demand for rentals. Renters accounted for all the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
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