The assumption that most, if not all, renters simply can’t afford or qualify to buy simply isn’t true, particularly in big cities, according to a recent Zillow Renter Profile. In fact, San Jose, San Diego, and San Francisco have the largest segments of renters who have the income and credit score to buy in their respective cities.
This reflects the trend among young adults who are delaying homeownership longer than ever before as they complete their education and even start families.
The difficulty, of course, is that metro areas such as San Jose, San Diego, and San Francisco have a limited number of rental units and by delaying home buying the inventory is further reduced.
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