Why do people with higher incomes often favor buying a home to live in over renting? Responses Single-family homes cost more and have more bedrooms. Single-family homes cost more and have more bedrooms. Landlords are often able to make a very high income on their investment. Landlords are often able to make a very high income on their investment. Wealthier people prefer the flexibility of home ownership. Wealthier people prefer the flexibility of home ownership. Buying is an investment, but it's also more expensive