There was a time, not so long ago, when college graduates dreamed of a new home with a mortgage. It was the next step.
With an uncertain economy, and more people moving to take jobs where they can find them, renting is the rage for the Millenial generation. The new dream is renting an apartment in one of the new “destination living” communities, complete with swimming pools, state-of-the-art fitness centers, volleyball courts and all kinds of apartment amenities.
For the first time since owning has lost its luster for the young. Since 2008, the percentage of young people who think that owning a home is “better than renting” has fallen.
Renting an apartment in Roanoke, VA has acquired a sort of cool respectability. Empty nesters got the same religion a couple of decades ago, when droves of them began cashing out of their high-maintenance houses.
Some of the forces driving the change are cultural. People are getting married so much later and they travel light longer.
The young also gravitate to renting an apartment because mortgages are hard to come by. No one wants to get stuck with a house or condo they can’t sell when there’s a job offer 2,000 miles away. There’s no stigma to renting anymore, and there’s just so much to keep you interested and busy in an apartment community she says.
For more information on a one bedroom apartment or a two bedroom apartment in Roanoke, contact HoneyWood Apartments.
Original article The Daily Beast