>88% of Americans would rather own a home than rent. Specifically, 76% of renters would rather own a home, but only 2% of homeowners would rather rent.
I suppose most homeowners that want to rent sell and become renters, so we can deduce that 20-24% of renters actually want to rent, and some percentage of the remainder might go back to renting if they had a bad ownership experience.
Though some percentage of those renters are in highly favorable situations, like rent-controlled units that would be insanely more expensive on the open market.
>I suppose most homeowners that want to rent sell and become renters
I see, so maybe selling isn't that big of a hassle then? People keep bringing it up as evidence that people would rather rent, but that really doesn't seem to be the case.
Though some percentage of those renters are in highly favorable situations, like rent-controlled units that would be insanely more expensive on the open market.