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Homeowners are far more optimistic than renters about the housing market, according to a new poll.
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But two sub-indexes, representing the psyche of homeowners and renters, revealed the largest gap in confidence in the two years this index has been produced.
Homeowners are far more optimistic than renters about the housing market, according to a new poll.
(snip)
But two sub-indexes, representing the psyche of homeowners and renters, revealed the largest gap in confidence in the two years this index has been produced.
but owning a bentley did not make them wealthier , they own the bentley because THEY ARE wealthier .
home owners are for the most part a wealthier group , that is why they had the resources to buy . renters are a more varied group ranging from very poor to very wealthy all mixed together . you can draw any conclusion you want about renters just by targeting the segment you want to over weight .
Did the ownership cause them to be bullish on the market, or did their bullishness convince them to own?
Since the vast majority of homeowners have owned their home for more than two years, I'd guess it's mostly ownership causing them to be bullish. (Probably most of the homes purchased in the past two years were bought by investors, not owner-occupants.)
Although I suspect the large 'confidence gap' they cite is more a product of renter pessimism than of homeowner optimism, considering the current rental market and forecast.
If the homeowner is a landlord, that is because after many long years, 10+, rents are finally headed up. That God!
Homeowners are glad that interest rates are lower than they have been in a long time. Most have refinanced.
Many renters are low-paid, and the poll results may not have anything to do with home ownership. If they separate the same people by income, it would make more sense.
I have always been more upbeat as a homeowner than a renter. I can do what I want with my house, never have to worry about rent going up and have equity.
99% of the time renting long term is not a good idea.
In this case, I suspect the poll results are based not on irrational exuberance among homeowners, but by rational despair among renters.
I doubt it. I rent because it's a lifestyle choice and I can "afford" to rent. I also prospered by investing the difference all these years and also have zero maintenance problems, etc...ok, well, once in a while I do have to send a quick email to the manager to deal with something usually right before I'm gone to Costa Rica, Thailand, or California for as long as I want because of carefree maintenance and letting the invested dollars I'm to spending on that and a mortgage rip.
If the homeowner is a landlord, that is because after many long years, 10+, rents are finally headed up. That God!
Homeowners are glad that interest rates are lower than they have been in a long time. Most have refinanced.
Many renters are low-paid, and the poll results may not have anything to do with home ownership. If they separate the same people by income, it would make more sense.
Absolutely. I'm a well off renter and happy about it.
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among homeowners, but by rational despair among renters.
