RENT is a four letter word.

To “would be” home owners, with mortgages having never been more “affordable” based on the current mortgage rates, renting doesn’t make any sense at all.

Why aren’t they buying?

Job instability, lack of funds for down payments and lack of quality inventory for starters.

Let’s not forget the sticky little problem of poor credit for those who bailed out on underwater mortgages and allowed short sales/foreclosures to blemish their records.

This article  goes into a little more depth about the current bounce market, buoyed by QE infinity and printing presses running out of ink.

It may be cheaper to paper the bathroom walls with dollar bills rather than purchase wallpaper.

It’s been done before and anyone who wants to learn lessons from history should at least consider both sides of a story.