Is Renting Still A Smart Financial Decision For Families?

With affordable housing no longer readily available in the US, many families were choosing to continue renting indefinitely.

Renting was becoming a popular choice even for people who could afford to buy homes. But the past two years have changed the world significantly.

There are a number of reasons renting is no longer as attractive as it was a few years ago. These include the following.

Affordability

COVID-19 put many people out of work. Millions of Americans who were renting homes no longer had any source of income.

Stability

When renting, you do not have the same stability as you do when you own your home.

Income Sources

Inflation is just one reason why many people are now struggling to pay the bills. Finding extra income sources has become imperative for millions  of Americans.