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GOBankingRates
GOBankingRates
Marc Guberti

Why the ‘Rich’ Are Suddenly Renting Instead of Buying in these 5 Cities

YvanDube / Getty Images/iStockphoto

Some irch people are opting to rent instead of buying homes, and it’s especially prevalent in expensive cities. Redfin data compiled by Fox News positioned San Jose, Orlando, San Francisco, New York, and Seattle as the five cities that have the most “rich renters.”

Find Out: I’m a Real Estate Investor — These Are the Worst Cities To Buy Property Right Now

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