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Housing Guru Robert Shiller - Renting Rather Than Buying a House Is Growing in Popularity
Posted by: Canadian Value (IP Logged)
Date: April 30, 2013 10:21AM
Shiller thinks that renting may become more popular going forward and the American dream of owning a home will be less important.
He believes that renting is a very sensible way of living for a lot of people and that an elimination of the housing mortgage deduction may make it more so.
If the housing mortgage deduction is eliminated, Shiller thinks it should only be on larger homes and that lower income people should still be entitled to the write-off.
Shiller thinks that the expected ending of quantitative easing could be stimulating current housing demand as buyers want to move now before interest rates start to rise.
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