As many owners can attest, ownership has its drawbacks. Indeed, in the absence of a rising market to ease the pain of having property, owners might be excused for wondering what it would feel like to surrender the keys and become a renter again. Would it be a relief — or an unnerving loss of control? A comedown, or, in the aftermath of the housing debacle, a fashionable, politically correct choice? Moving from owning to renting seems to teach some people that they just weren’t meant to be renters, while others find it liberating.
Opinion: A long term approach to buying and holding is ideal for ex-owners, people with poor credit, and banks not willing to finance. Where will they go? They will rent of course, driving up the demand for rentals.
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