Renters outnumber home owners

What does Tampa, Miami, Fort Lauderdale, and Gainesville have in common? They all now have more renters than home owners in their cities. Renters now exceed 50% in each city. Experts do not see the trend reversing for some time to come. The reasons offered are higher lending standards by banks, foreclosures and short sales have ruined credit scores, and many of the renters remain uncertain as to their future in this tough job market.