One major housing question many adults face at some point in their life is the question of whether to rent or buy. It can take time to save up for a down payment and prepare for the responsibility of homeownership, but buying a house is an investment many aspire to. Renting, on the other hand, has its own set of pros and cons.
If you’re interested in investing in multifamily rental properties, you should be keeping an eye on the homeownership rates in your area, as they can significantly impact the rental market. Read on for more information about homeownership rates and how they can impact your investments.