Utahns Split On Renting vs. Buying In Today's Economy

Do we rent or do we buy? That is the question some Utahns are contemplating in today's shaky economy. Analysts say a growing number of Americans are renting rather than buying a home.

Resident Ron Thorpe and his wife bought their home in Tooele 10 years ago. He's even contemplated buying another house but doesn't want to pay two mortgages. He says now is the time to seize the home buying opportunity because of the state of the economy.

"Interest rates are at their record low," says Thorpe. "Housing prices have come down and you always need a home to live in."
Other Utahns aren't so sure about that. Rose Park resident Klarissa Mesi says she prefers to rent because it saves her money.

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