U.S. homeownership dropped to a record low in the second quarter as more Americans opted to rent, data showed Tuesday.  The number of occupied housing units grew, but all on the renter side. The number of owner-occupied units fell from a year ago. No wonder both rents and occupancies continue to soar.

More Americans are renting than ever before.  That means this is the greatest opportunity in our lifetimes to own rental property.  Earn consistent passive income while the value grows through property price appreciation.  If you’re interested in analyzing properties for potential purchase, take a look at my Rental Income Property Analysis for Excel Spreadsheet.

The Rental Income spreadsheet analyzes 10 years of cash flows and gives your true return on investment.

Source: Homeownership rate drops to 63.4%, lowest since 1967