According to the results of an NAR survey conducted by Harris Interactive, a substantial majority of home owners as well as renters agree that owning a home is a smart long-term decision.
In fact, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home. Of those home owners surveyed, 93 percent are happy with their decision to own, and would buy again.
The survey, American Attitudes About Homeownership, also reveals differences between owners and renters. More than half of home owners are “very” or “extremely” happy with the overall quality of their family life, while only one-third of renters reported the same. For more survey results, visit www.realtor.org/statsanddata/homeownership/attitudes_homeown
The votes are in… Take your own survey of home owners and renters. Ask owners in your area about their experience and motivations for owning a home, and talk to renters about why they rent and whether they have future plans for home ownership. How satisfied are owners and renters with their family and community quality of life, and would they recommend renting or owning to others?