Rising Renter Population in America: A Look at Economic Factors and Political Influences America is facing a growing trend of individuals shifting from homeownership to renting. This phenomenon is particularly pronounced in states like California, where less than 16% of the population owns their homes. Financial expert Grant Cardone attributes this to affordability issues and a challenging mortgage qualification process. "Many people don't want to commit to 30 years," Cardone notes, highlighting the impact of economic uncertainty. Cardone links this trend to the ongoing recession, arguing that the current economic climate and political decisions have exacerbated the problem. He claims that "they changed the definition" of recession, concealing the true extent of the economic downturn. However, these assertions require further investigation and corroboration from independent economic data. While Cardone's perspective offers a provocative angle, it's crucial to consult official economic reports and data to fully understand the complexities of the housing market crisis. A balanced analysis would incorporate opinions from various experts and consider alternative explanations for the rising renter population.
Real estate investor Grant Cardone has navigated multiple economic downturns and can spot trends before most investors notice. He's been highlighting…
