The Wall Street Journal recently asked the world’s top economists to provide suggestions as to how to restructure the economy. The results were published in the Future of Finance Forum.
Top among the suggestions at #20 was “rent-to-own financing of homes” where consumers would be able to earn homeownership by merely renting. Moody’s Investor Service also called Leasing to own the new way home buyers will begin the home purchasing process.
The WSJ economists felt Leasing-To-Own would lead to housing stability and dramatically reduce loan defaults and subsequent foreclosure levels.
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