Survey: More say renting trumps owning

Only 12% of renters plan to buy a home this year

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.