Los Angeles Property Management companies have an understanding that generations differ, always, from one another in a variation of ways. The environment in which they’re raised, has a big impact in relation with technology, their priorities also affects how they like and dislike.
Even though, most generations do have housing common interest, Los Angeles Property Management companies have a first hand experience. The younger crowd tends to rent apartments and the older crowd would rather buy. This is a proven fact that has kept the rental market and the housing market afloat for decades.
Los Angeles Property Management companies have learned that the current generation making the decision to rent or buy, is the millennial generation, they’re generally considered to be those born between 80’s and 2000’s. Now in their mid-30s, the oldest of this generation should be moving toward or at least be financially available to consider buying a home. But current research would indicate, that’s not the case.
Defying the Trend
Los Angeles Property Management companies say that there are still plenty of millennials that would rather rent. Part of the reason is transportation. A main downsides to living in a major city is frustration with the lack of parking or the outrages garage fees.
Los Angeles Property Management companies would like to share today’s options. They include Lyft, Uber, and Sidecar, just to mention a few, millennials are living the dream, man! They can stay in the heart of the city, where all the action is, and at the same time have transportation available to them at the touch of a button.
Renting Vs Buying
Los Angeles Property Management companies share everyone’s view that buying may be a dream, but, renting could be the right choice for you. Homeownership is sometimes considered the last criteria one needs to finally live the American Dream. Los Angeles Property Management companies have recently learned that the majority of first time buyers want to purchase a home because they consider it a necessity in their life to not only lead a good life, but at the same time improve their social status.
Los Angeles Property Management companies understand if some may be confused on how to determine which way to go, but to speak frankly, it completely depends on you in the end.
Renting In Most Cases Is Cheaper
Los Angeles Property Management companies know that when buying a home, you will need to put 20% of the sales price down. That is not a small amount. After that, you have the sole responsibility of being the groundskeeper of your property and bear other costs related to homeownership, which include property taxes and other assessments. As far as being a renter, you don’t have to worry about any of that. The only thing you have to do is pay the monthly rent and utility bills. Large repairs are even handled by the landlord.
Los Angeles Property Management companies say that as a renter, you enjoy these amenities at free of cost, and not worrying about their maintenance. Los Angeles Property Management companies say that living apartment abroad comes with a great advantage, you always get to meet new people at the pool, or even in the on site gym (if the complex allows for one) or in and around the property itself. Many Los Angeles Property Management companies do encourage tenants to socialize by getting together occasionally.
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