Millennial, according to peer survey, all think that renting is better than owning. All sources are CNBC.
“Apartment rental demand soars as more millennials believe it’s cheaper than owning a home”
Is that accurate and the whole picture? Not really because there is supply manipulation, that they have no other choice. Waiting is itself a type of cost.
“Housing market falling short by nearly 4 million homes as demand grows”
“Demand for apartment rentals surges unexpectedly as home sales slump”… demand for homes has shifted to rentals because there is a shortage of homes being built.
“Homebuilders aren’t keeping up with millennials”
Did sharks over-estimate the demand for rental units in America?! No, it’s not that innocent.
Landlords reaping financial gains and selling stakes in their properties! “real estate investment trusts (REITs) have gained in popularity over the last couple of decades as one of the most convenient ways of gaining exposure to real assets”
And the political influence is near-sighted not financially prudent. “Elizabeth Warren released a plan to lower the cost of renting a home by 10%—here’s how ”
” As more older Americans ‘age in place,’ millennials struggle to find homes “
“Millennials are pouring into these smaller cities and buying homes”…not for the social life, get with the program!