 This is a Bloomberg Money Minute. A lot of people see owning a home as an important goal. Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they're not making a long-term investment in their future. But a lot of people who were 57 to 75 years old disagree, according to a Bank of America report. 80% of baby boomer renters believe that it's better to rent than buy a home in the current environment, and that's up from 63% a year ago.