By Janna Herron | The Fiscal Times
There is a simple reason why so many renters aren’t buying into the proverbial American Dream of owning a home: They don’t want to.
More than third of non-homeowners surveyed by Bankrate said they don’t want to buy a place, or at least not yet.
The survey found that Americans with higher education and those earning more than $50,000 a year were the most likely to delay buying a home, along with millennials. Even so, only 4 percent of those surveyed said they never planned on owning a home. Other recent studies that have similarly found that millennials haven’t sworn off buying a home altogether but feel that financial pressures are preventing them from doing so in the near future.
