Monday, August 21, 2017

Renting not buying will result in widespread and unexpected changes

Pew Research recently published research about the trend in the US to rent not buy a property. For the US read what is happening in Europe.

As you can see their is a slow structural change to the fabric of home ownership in the US that is effecting all ages.

This set me thinking about industries will be changed by this development. I am sure I have missed out many of them:

Realtors / Estate agents
DIY products and retailers
Property services
Home furnishing
Financial Services
The change might not result in an absolute loss of revenue but it will change where that revenue is generated. As can be seen, the move from buy to rent is not limited to young people. Dick Stroud

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