: The number of ‘millionaire renters’ has tripled — here’s where they live

by | Jan 31, 2023 | Stock Market

A growing number of millionaires are forgoing homeownership in big cities, either because of sky-high home prices or because they prefer to rent. That’s according to a new report on the nation’s increasingly wealthy renters from RentCafe, a nationwide apartment-search website. An estimated 2.6 million high-earning households live in rentals, and some are a “new ritzy kind of tenant: the millionaire renter,” the RentCafe report said. The…

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