Ryan McMaken, economist and spokesman for the Colorado Division of Housing, said the Alliance approach to today's rent vs. buy mentality makes sense.
Some high-end renters prefer the added amenities — swimming pool, clubhouse, security and well-equipped gym — that come with the monthly rental price. Others don't know whether a job transfer will take them out of the market. "They don't want to get too attached to a property," McMaken said.
And then there's the whole issue of the flat housing market and the potential of not being able to get the money out of a house that the buyer puts into it.
"If you bought a house in '08, it's going to be several more years till you get back your money as far as equity goes," McMaken said.
Tuesday, January 31, 2012
From the Denver Post: