Tuesday, September 09, 2008

Instability of renters

This week's econ story from Brad Finkelstein analyzes some census data. It talks about how far away people are apt to move when they change households. with the majority staying in the same county. The most interesting part to me came at the end:

Just under three in 10 renters changed residences between 2007 and 2008, compared with about one in 15 who lived in owner-occupied housing.


That clearly illustrates how much more precarious life is for a renter, despite the current housing/mortgage/foreclosure crisis. I know we've had to move like five times because the owners of our residence sold it out from under us. I even moved us into an apartment once and a commercial townhome once to keep the place being sold and the entire complex was sold. It's ridiculous.

BTW that link will only be good for a week and then I'll overwrite it with next week's article.

Labels:

0 Comments:

Post a Comment

<< Home