It is said that"About 30 percent of Americans own their homes while more than 60 percent rent." is this ture?
http://www.chinadaily.com.cn/bizchina/2007-06/20/content_898274.htm
2007-06-26 01:39:49 · 3 answers · asked by allen 2 in Business & Finance ➔ Renting & Real Estate
I don't think most Americans own their own home.
Most Americans have poor credit and most lose their homes through foreclosure if they had one to begin it, that's why the rental market in the US, is such a wealthy and high demand market.
2007-06-26 03:30:21 · answer #1 · answered by Chef D 4 · 0⤊ 0⤋
The United States promotes home ownership through tax breaks and other incentives. As a result, 68 percent of all US households own their own homes, about the same rate as in the United Kingdom (69 percent) and Canada (66 percent).
I have to wonder where Long YongTu got his statistics.
2007-06-26 08:51:28 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
owning is a more sound investment than renting, so more people own
2007-06-26 08:57:26 · answer #3 · answered by Mel 4 · 0⤊ 0⤋