Raising Children In An Owned Or Rented Home Makes No Difference
In a study put out in 2008 by a researcher at University of Iowa shows that owning a home doesn’t necessarily benefit the welfare of children and families. This means the common misconception that renting and moving a family around is disruptive for children isn’t true. Utah property management KeyRenter has assisted several families move into rental homes in Utah. They help with the process by pointing out local churches and schools and other surroundings your family should know about.
The study says that homeownership has almost a zero impact on child welfare which includes behavioral issues, high school graduation rate, and math and reading test scores. The study did show that other factors such as wealth, divorce, race, family deaths, and vehicle ownership do play a part on child welfare. Yet, for decades the U.S. has been focused on ownership, especially the American dream of owning a home.
In the past year, the push to increase homeownership has been detrimental. Many people were receiving homes they could not afford, but were given mortgages anyway. Fast forward to the present day and we see millions of homeowners foreclosing their homes and adding the slumping economy.
These people are now looking for different options for homes. Instead of owning a home, they are turning to the rental industry. With a lot less risks involved, people can rent homes and feel secure knowing the bank won’t take their home. All they need to worry about is paying the monthly rent bill. And if for some reason they can’t pay it, they are free to move out (according to the terms of their contract) and move into a less-priced rental home.
Rental property managements have come into play to connect those who need to rent their homes out to avoid foreclosure with those who have foreclosed and need a new place to call home. Utah property management KeyRenter helps any homeowner and applicants find rental homes in Utah regardless of their situation. They provide many services like 24/7 maintenance, monthly accounting, contract agreements, and communication between tenants and landlords.
If you’ve been avoiding the rental industry because of the fear of the impact of your children, there’s no longer a reason to worry. There are other more important factors that should be considered when thinking about your children. For instance, if you lose your home and end up homeless, that will definitely have a bigger impact on your family compared to if you lived in a rental home. Make the decision quickly to rent, before the mortgage crisis hits you and your family.
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