“Report Says Many Don’t Want to Own a Home”

When I first read this report I just pretty much ignored it, as someone just wanted some attention. Yesterday I read something similar making the statement that more and more folks want to rent instead of buy a home. I would love to see the questions that were asked that would result in this kind of conclusion.

I can’t imagine that if you asked 100 people that were currently renting that the majority would say they don’t want to own a home. Here is what they might say, if some asked the following questions:

1)   If you could, would you buy a home instead of paying rent? Guaranteed an overwhelming number would say YES!

2)   What would be in the way of your buying a home? Some of the most common issues, credit, down payment and jobs—income. There are dozens of things that show up.

I would be willing to bet that 90+ percent of folks would want to own a home, but many may have challenges that can be corrected, if some actually talks to them, not just put a questionnaire in front of them.

Folks need hope and they need a road map to get to anywhere. I put no stock in these kind of reports that talk about what someone can’t do, especially when it comes to home ownership.