If you need assistance, please call 772-934-6863

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

Thursday, January 31, 2019   /   by Cindy Hurley

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

generations-renting-more-affordable-cover.jpg 

According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it's saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option. But with rents rising across the country, that's just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.

The Takeaway

The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it's also costing them the ability to own their own home. If you've been renting because you believe it's saving you money—no matter how old you are—it's time to look at the facts, reevaluate your situation, and consider transitioning to homeownership.




Follow Us!
if_facebook_circle_color_107175.pngif_instagram-round-flat_1620009.pngif_twitter_circle_color_107170.pngif_tumblr_287524.pngif_linkedin_circle_color_107178.png

AlexUSrealty.com
3201 NE Skyline Drive
Jensen Beach, FL 34957
772-934-6863


Live Classroom real estate education, Click Here

UP5DB701E1507748.jpg All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2023 BeachesMLS, Inc.
UP5DB701E1507748.jpg All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2023 BeachesMLS, Inc.
This site powered by CINC: www.cincpro.com