For context, the market 10 years ago<\/a> saw the highest home sales rates in the last 50 years. And although buying is on the rise, renting popularity has exploded.<\/p>\n The ratio of home price to rent price has seriously leveled out during the last decade. In most of the US, renting has become just as affordable as buying<\/a>; in San Francisco, a notoriously expensive market, renting has become much more affordable than buying; NYC remains the only market where renting popularity has steadily decreased as rent prices in Manhattan soar and home prices in the boroughs slowly increase.<\/p>\n Microcosmic pockets of American wealth show the same trend. Forth Worth experienced a 77 percent increase in high-income renting in 2015. The number undoubtedly reflects the DFW metro area\u2019s unprecedented job growth<\/a>.<\/p>\n But it\u2019s not just tech-savvy cities like San Francisco, DFW and NYC; affluent renters are populating the entire country from Memphis to Detroit to Charlotte to Phoenix<\/a>.<\/p><\/blockquote>\n Why the shift? Renters make up almost a third of all American households. Think about that for a moment. One in three rent.<\/p>\n With the dawn of a digital, on-the-go age behind us, Americans are trending towards an all-you-can-eat buffet of information and experience. And they\u2019re looking for it in cities.<\/p>\n![\"bar\"](\"http:\/\/theamericangenius.com\/wp-content\/uploads\/2013\/12\/bar.jpg\")
<\/p>\nI see London, I see France<\/h2>\n
Blame FOMO<\/h2>\n