A Recent Study Shows South Florida Millennials Prefer Renting
Why does this generation continue to refuse to buy?
Well, one reason is that they have been priced out of the market.
In some places, it is cheaper to rent.
This group does not have time to worry about HOA fees, property taxes or insurance.
They need to focus on their careers due to high amounts of student loans and little savings.
Many cannot even qualify for a mortgage.
Wisely, they are leery of the future.
Job security is always a question.
Many millennials choose to have the ability to pick up and move should they need to.