Academic Study - Those that Rent vs Buy/Own

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Submitted by jmrrobbie1 on June 16, 2009 - 2:40am

A different perspective & academic study of those that rent vs. those that buy & own ... although I would question some of the methodology - still an interesting read. One of the biggest factors not mentioned obviously is those that have kids vs those that do not.

http://www.walletpop.com/blog/2009/06/12/renters-are-happier-and-thinner-than-homeowners/?icid=main|welcome|dl3|link4|http%3A%2F%2Fwww.walletpop.com%2Fblog%2F2009%2F06%2F12%2Frenters-are-happier-and-thinner-than-homeowners%2F

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A easier
Submitted by jmrrobbie1 on June 16, 2009 - 3:15am.

A easier link:

http://real.wharton.upenn.edu/~wongg/res...

I can look at a statistically
Submitted by UCGal on June 16, 2009 - 6:10am.

I can look at a statistically insignificant sample.

My mom's parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80's - but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don't know if it's a regional thing - but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad's parents owned a tiny house in Arizona.

Both sets of grandparents were thin.