PARAMOUNT MORTGAGE - LENDER'S BLOG

by Colleen DeBaise - SmartMoney.com

A GOOD CHUNK OF the U.S. population refuses to give up renting. We're not sure how many renters are stubborn hold-outs (the U.S. census doesn't measure in terms of obstinacy, although we do know that the majority of Americans - about 69% - own their own home). For many, the American Dream is simply out of reach for financial reasons.

But, for others, it's not the money, it's the....well, we've come up with five reasons why people don't want to buy real estate. Perhaps you've used these excuses yourself - or know a colleague, a family member or a friend who has.

EXCUSE #1:
"Everyone is way too insane about real estate."

EXCUSE #2:
"Renting is a good deal."

EXCUSE #3:
"Buy a house on my own? Then I'll really never get married. What do I do next - buy a cat?"

EXCUSE #4:
"I'm afraid of commitment."

EXCUSE #5:
"I'm worried about disaster striking."

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