For years, it seems, we’ve heard about the rent-vs-own debate—a question that often influences whether the homeownership rate is rising or falling. In reality, there is no debate. Rather, what we are witnessing, I believe, is no less than a tectonic shift in the way Americans view the concept of dwelling, a direct result of the rise of the millennial generation and a redefinition of what retirement means on the part of the baby boomers. Traditionally, the homeownership rate in ...

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