Renting as a Lifestyle Choice
Real estate has historically been one of the most stable and sound investments available, and for decades, homeownership has been a milestone on the path to adulthood and financial security.
This trend appears to be changing as millennials are becoming homeowners later in life than previous generations.
According to a 2019 report by Apartment List published in November, 12.3% of milliennial renters plan to always rent.
Whether you are a millennial or not, here are reasons you might still be renting, even if you can afford to buy:
- The recent history of U.S. homeownership is discouraging.
- Increased mobility.
- Simplicity of living.
- Delay of personal-life milestones.
- Cash flow and other investments.