Many believe the only reason people rent multifamily apartments is because of housing affordability, meaning; people only rent because they cannot afford to be home owners. This is simply not true. There are a myriad of reasons why people rent apartments. Following are just a few of those reasons.
Convenience. Apartments homes can provide varying types of convenience; close to work; easy commute to the city center, proximity to parks, etc. People define convenience in many ways. Convenience can be as simple as having the ability to make only a short-term commitment (one year lease versus owning forever). Convenience can be keeping one’s options open to other opportunities by being mobile.
Read more...5 Reasons Why People Rent Multifamily Apartments | Multifamily Insight Blog
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