According to MSN Real Estate, nearly one-third, or 100 million, of Americans are choosing to rent instead of own their home. While The Wall Street Journal Real Estate reporter Dawn Wotapka cites on The Diane Rohm Show that this choice for many has stemmed from the foreclosure crisis, leaving people at the mercy of landlords. National Association of Home Builders’ David Crowe asserts that rental homes now have become the “bright spot” in housing construction. About 300,000 rental home units are being built this year to keep up with increased demand. So, why are people looking to rent?
