Wall Street Journal says renters are gloating

Originally published in the Wall Street Journal this week, an article ran today in the Ventura County Star (California) claiming, "Amid a slump, renters gloating."

The article, which can be accessed at either website although the WSJ requires subscription registration, admits that home ownership still comes with notable advantages over renting -- including tax deductions, increased valuation long-term, and housing security.

But it also declares, "Now, with the housing market in a slump, renters who sat out the boom are finally getting some satisfaction."

It features the stories of American professionals who have decided to rent, rather than buy, their homes, including a software engineer, an economist, an information technology specialist, and an architect.