According to an article in this month’s RealtorMag, 80% of renters are willing to give up certain things so that they can purchase a home.
What are renters willing to give up?
* 50% would cut back on dining out
* 49% would cut back on shopping for non-essential items
* 47% would give up luxuries such as trips to the salon and expensive cable packages
* 39% would cut back on vacations
* 10% would contribute less to their retirement plans
Why are so many renters willing to make sacrificies? The record low mortgage rates and appealing home prices are making home ownership very attractive right now.
How do you stack up?
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