While buying a house was once a sign of prosperity, in today’s economy many adults choose to rent an apartment instead. Is this a sign that housing prices have increased? It is a little about the pricing, however for many renters the decision actually makes better sense for them financially. When you consider that on average people move housing about 12 times during their life, the choice to rent instead of buy does have merit.
I Thought Buying Was a Smarter Investment Than Renting. What’s Changed?
One survey on apartment renters found that about 25% of participants preferred their current living arrangement over buying a house of their own. This percentage of those surveyed lived in an apartment by choice, not necessity. An adult might choose apartments over houses for a number o (more…)
19 Sep 2017