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Top 4 Reasons Rental Housing is On the Rise!
Whether you are investigating Costa Mesa rental housing activity because you’re looking for an investment or just a place to rent yourself, it’s important to become informed about the state of play in rental housing as a whole. It’s a picture that has been changing rapidly—one that’s unlikely to slow anytime soon.
Much is being written about the growing popularity of rental housing due to younger buyers who either can’t yet afford (or simply choose to avoid) taking on the commitment that homeownership entails. But that’s not the only factor contributing to what amounts to a nationwide shift in rental housing’s popularity.
This summer’s in-depth study by the Urban Institute presented four points explaining why “renting homes is overtaking the housing market.”
“Overtaking” may be an overstatement as it relates to today’s rental housing profile in Costa Mesa, but there can be little doubt that the points are on target for the U.S. as a whole. It’s also inevitable that we can count on similar factors affecting Costa Mesa’s rental housing future.
In brief, here are their findings:
Renter profiles are changing. Millennials are not buying their own homes as early as previous generations, and many in the 65+ set are choosing to ... more
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