Housing

 Bloomberg - It’s not just young Americans on the sidelines of the real estate market. The vast majority of baby boomers who are renting also say buying a home is a bad bet right now. The difference? Boomers are loving the renter’s life. Typically those who don’t own a home worry it might be detrimental to their financial future. However, more baby boomers are in favor of renting and have little interest in buying, according to a Bank of America report. About 80% of renters in that generation, who are now 57 to 75 years old, say doing so is better than buying a home in the current environment, up from 63% a year ago, the report shows.