Caption: Meenal Bagla (left) and Prashant Jeloka ran the numbers, and decided renting was the superior financial - and lifestyle - option compared to buying., Credit: Jess Bidgood
Image by: Jess Bidgood 
Meenal Bagla (left) and Prashant Jeloka ran the numbers, and decided renting was the superior financial - and lifestyle - option compared to buying. 

Two Renting Couples, No Regrets - Homeownership Series Part 3

From: Curt Nickisch
Series: The Depreciating American Dream
Length: 05:39

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Two couples from Boston's Brighton neighborhood -- one young, one old -- have had the money to buy a home but choose to keep renting. In the third part of our series, we meet people who took unconventional paths to their American Dream. Read the full description.

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The whole push for an ownership society and the housing bubble only pushed homeownership rates up a few percentage points, to the 68% it is today.  At huge cost.  Trillions of dollars in home equity are now gone as foreclosures pile up.  It’s clear that many people – especially at certain stages in life – are better off renting.

 

This story profiles some proxy advocates of a rentership society: deliberate and even long-term renters.  It means more mobility.  It means having more money to put in the stock market or toward retirement.  It means letting the landlord take care of the problems.

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Piece Description

The whole push for an ownership society and the housing bubble only pushed homeownership rates up a few percentage points, to the 68% it is today.  At huge cost.  Trillions of dollars in home equity are now gone as foreclosures pile up.  It’s clear that many people – especially at certain stages in life – are better off renting.

 

This story profiles some proxy advocates of a rentership society: deliberate and even long-term renters.  It means more mobility.  It means having more money to put in the stock market or toward retirement.  It means letting the landlord take care of the problems.

Transcript

SUGGESTED LEAD:

And now for another story in the series we’re calling the Depreciating American Dream. So far this week we’ve heard from homeowners who’ve discovered the downsides of buying.

Today we’re going to hear from two couples from Boston's Brighton neighborhood who have the money to buy, but have chosen to rent. Will they someday regret that? WBUR’s Curt Nickisch has that story.

STORY:

FADE IN SOUND OF COOKING NAT

They’re exactly the type of couple you’d expect to be on the market right now, to get that first-time homebuyer tax credit before it expires. But instead of spending this recent Sunday morning mapping out open houses, Prashant Jeloka and Meenal Bagla are scrambling eggs with onion and peppers...

POST COOKING NAT AT SPOON BANGING THEN FADE UNDER FOLLOWING NARRATION AND OUT BY PRASHANT ACTUALITY

They’re whipping up wheat pancakes... They’ve got...
Read the full transcript

Intro and Outro

INTRO:

SUGGESTED LEAD:

And now for another story in the series we’re calling the Depreciating American Dream. So far this week we’ve heard from homeowners who’ve discovered the downsides of buying.

Today we’re going to hear from two couples from Boston's Brighton neighborhood who have the money to buy, but have chosen to rent. Will they someday regret that? WBUR’s Curt Nickisch has that story.

OUTRO: