Owning a home may be the American Dream, but the American reality is that most people’s first home is a rental. And the number of people who choose to rent as a permanent housing arrangement is on the rise, according to national statistics.
In 2004, more than 36 million households occupied rental units in the United States, according to the U.S. Census Bureau. And the statistics show that rental living is not exclusive to young singles; more than 50 percent of all rentals are occupied by families. In fact in the northeast, west coast and central cities, more homes are rentals than owner-occupied.
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