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Survey: More say renting trumps owning

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A recent survey by Harris Interactive for the National Apartment Association found the vast majority (76 percent) of consumers -- both homeowners and renters -- think renting is better than owning a home in the current market, a 5 percentage point increase from 2008. Most, 64 percent, cited lack of responsibility for repairs and maintenace as the primary advantage of renting, a jump from 57 percent in 2008. Half saw financial advantages to renting, up from 48 percent in 2008 and 43 percent in 2007. These financial advantages included not being susceptible to foreclosure and not being impacted by the shaky real estate market. Another advantage is mobility, the association said. "The simple fact remains that in a bad economy, people must make whatever changes necessary to improve their situation, especially if they have lost their job," said Douglas Culkin, president of the National Apartment Association, in a statement. "Sometimes this might mean moving to another ...