A recent article in the Deseret News covers the pros and cons of renting versus buying. There are, it appears, different perspectives on whether it's better to rent or buy — and no simple, one-size-fits-all answer, experts agree.
..."What we are seeing is a decline in home ownership that you would expect when across the country there are several million and in Utah about 12,000 loans in foreclosure," says James Wood, director of the Bureau of Economic and Business Research at the David Eccles School of Business at the University of Utah.
"That doesn't mean they are all vacant; there's a filing process. But what you have is people who have lost their home. They double up with friends or relatives or they rent. The rental market appears to be tightening up, as the vacancy rates come down a bit."
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"That doesn't mean they are all vacant; there's a filing process. But what you have is people who have lost their home. They double up with friends or relatives or they rent. The rental market appears to be tightening up, as the vacancy rates come down a bit."
Read Article
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