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ROBERT JASON CLARK
Buzzer
reply 26
 

Why buy when you can rent? Wait, what?

According to some new data by Zillow, in many larger cities in the US, many qualified potential home-buyers (by qualified they mean: a credit score over 700 and the actual income to afford the rent in said city) are choosing to rent instead.

While Zillow points to "lifestyle" choices: putting off settling down, marriage, family life...  why do you think some people choose to rent instead of buying?

There are advantages to both.

How do you spend your $?
Buying? Or renting?  
2
New York / General Chit-Chat
 
 
 
KIYOKO WOOD
Buzzer
reply 92 vote 6
 
 
I rent because I don't know where I want to be for multiple years, even if I do know what city. I might want to change neighborhoods, or just get a larger space. I'm not ready to make those choices yet, and renting is a great option in the interim.
 
 
ROBERT JASON CLARK
Buzzer
reply 26
 
 
Agreed, and that was a major reason for many qualified buyers choosing to rent —especially in tech heavy cities.

As someone who has lived in all five boroughs, I like the flexibility of being able to up and go to greener pastures and shorter commutes...
 
 
 
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