Exploring the Factors Influencing Baby Boomers' Choice to Rent Over Buying a House
Wednesday, 15 May 2024, 15:24
Factors Influencing Renting Preference of Baby Boomers:
Baby boomers are choosing to rent over purchasing a property, primarily due to:
- High Costs: the financial burden of homeownership
- Flexibility: preference for rental flexibility
The Bank of America Survey:
The findings of the Bank of America survey highlight that 8 out of 10 baby boomer renters are opting not to buy a house.
This preference among baby boomers is a significant trend in the real estate market, reflecting their priorities and financial concerns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.