More people are opting to rent instead of own their homes than ever before, but that does not mean that the “American Dream” of home ownership is dead. Would-be homeowners are just looking for a different path to that end, according to a recent survey conducted by a San Jose-based real estate company [1]. The company used a series of keyword-based ads and surveyed respondents. “The ratio of prospective tenants who are interested in lease-to-own programs versus rental are eight to one,” the firm reported.

Although any number of experts are predicting that traditional home ownership will continue to decline for years thanks to credit damage, hits to savings and general unease about home ownership [2], these results indicate that interest in home ownership has not necessarily declined. Would-be homeowners simply are looking for other routes since for many, conventional financing, for example, is out of the question.

Would you consider doing lease-option agreements with your tenants, or do you prefer to keep your rental properties as cash-flow investments?

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