Saturday, July 26, 2008
David Smith talking sense?
Young adults did not think much of the idea of home ownership. Why tie yourself to a big mortgage when there are better ways to spend your money? Why get lumbered with years of housing maintenance and having nothing more exciting to do than getting the windows done? The old argument that paying rent is dead money left them unconvinced. Only 44% of 18-to 25-year-olds favour home ownership. For some people, renting is indeed the best option.