A study by the apartment search website Rentcafe finds that more wealthy Americans are choosing to rent living spaces instead of buying them.
The study's writer, A, collected information from the U.S. Census Bureau.
This new kind of renters goes against the idea that Americans rent mostly because they don't have enough money to buy a home.
C told VOA by email, "Lifestyle plays an important part in their decision to rent."
Business and technology centers like San Francisco, Californi, and Seattle, Washington, have the highest numbers of wealthy renters.
In San Francisco, the number of renters grew up from 21,000 in 2007 to 71,000 in 2017.that is an increase of 240 percent.
The number of wealthy buyers increased by 56 percent from 40,000 in 2007 to 62,400 in 2017.
C says that, with the rise of housing prices, it seems like a better decision to rent than to buy.
IT is understandable why top earners give renting a serious try before deciding whether to invest in a property or not.
In San Francisco and New York city, wealthy renters outnumber wealthy buyers.
There are more high-earing renters- about 250,000 - in New York City than anywhere else in the country.
But C notes the interest in renting does not mean wealthy Americans rejecting homeownership.
Between 2007 and 2017, Seattle gained 13,400 more wealthy home owners than it did high-income renters.
Cites like Chicago and Denver also saw thousands more wealthy homeowners move in than wealthy renters during that 10-years period.
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