If you believe that owning a home amid the housing slump is a bad idea, then you’re probably one of the more than 30% of Americans who no longer consider homeownership as a safe investment.

According to a new survey conducted by the Federal National Mortgage Association, or Fannie Mae, homeowners’ confidence hasn’t improved that much since the beginning of the year as the number of respondents who consider owning a home a safe investment fell from 70% in January to 67% in July. Two years ago, 83% of respondents were willing to put their money on residential real estate. The National Housing Survey also revealed that33% of the respondents said they would rather rent than buy a house if ever they decide to move out of their current home.

Doug Duncan, vice president and chief economist for Fannie Mae, said the survey results indicated that more and more consumers are becoming reluctant to invest their money in residential properties. “Homeowners and renters alike continue to be wary of taking on risk, and they are less confident in the long-term outlook for housing,” he added.

Despite the consumer’s negative attitude towards homeownership, however, majority of the respondents remain optimistic on the recovery of the housing market. About 78% said home prices will either remain flat or will increase next year. Some 70% also believe that it is a good time to buy a house.

If you were to move out of your current home, would you prefer to rent to buying a new house? Tell us what you think. Join our forum by logging in or leave your email address below to register.