Current predictions are that we're moving toward a society of renters based on a number of factors.
As foreclosures on single family homes continues to rise the former homeowners are now having to rent a home;
Mortgage limitations are reducing the number of people who can get mortgages to buy homes;
Renting becomes a prefered way of life for some people;
Concern that home values may further depreciate.
This is an ideal time to buy a home. You can get excellent value for your dollar in today's market. If you are an investor looking for long term gains, becoming a landlord is an appealing idea. If you are in a position to pay cash for the home you will more than likely end up with a better ROI than the banks or stock market can offer right now.
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