Several housing blogs from around the country have recently released articles talking about a critical aspect of a report published by Harvard’s Joint Center for Housing Studies. The report has shown that high-income households which now live in rental properties have more than doubled since this time ten years ago.
Some industry blogs and standard news outlets are quick to explain this surge with their own set of talking points. Often you’ll hear talk about how people are just weary of owning and believe that renting is preferable and in some cases more affordable than owning a home. Some even claim the spike is due to the attitudes of baby boomers since the housing crash, not coincidentally, about a decade ago