There's been a shift in the "American Dream". We're learning from recent trends and first hand experience that people are choosing to rent rather than purchase a home. Lenders have tightened up lending and home ownership is no longer an attractive investment nor available to all and more a liability than ever. Being a home owner means being tied down to a specific location and the responsibilities that come with owning a home.

1. Cost. Buying a home, maintaining a home, paying property taxes, paying property insurance: all are expensive. The myths of the financial benefits of home ownership are quickly fading as home values drop and property taxes and insurance costs increase. Even if you could count on staying in your home for many years, the once “guaranteed” appreciation of your home’s value is no longer a sure thing and the risk of depreciated value is a real concern.
2. Credit. If you're  starting out on your own or recovering after a significant change in your life that ruined your credit, renting can offer you options that are usually not available to people with no credit or damaged credit. You can expect higher security deposits and maybe a requirement for a co-signer, but at least you’ll have options even if your credit is non-existent or less than perfect.
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