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Why People Prefer to Rent

Would You Be Content With Renting Forever?

Forever is a long time, but with the housing market being so unpredictable, renting is becoming the ever-popular option.

When I see my friend struggle with the mortgage of her family home that is draining her financially and mentally, I feel pretty relieved that I'm dealing with a manageable rent. So much so, that I wouldn't mind renting permanently and forgo owning a piece of property. My opinion might change when I have kids, but I'm pretty content with the idea of renting forever right now. Home ownership is a tough situation because a huge part of buying your own residence is emotional. A piece in the Wall Street Journal points out that "it's difficult if not impossible to separate home ownership from other variables that correlate with desirable environments, like affluence and levels of education."

To all renters out there, do you eventually want to own your own home or are you content with renting forever?

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