Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610
Call: 833-779-8856 Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250

Apartments Raleigh NC Blog

Gen Y Should Keep Renting

Joseph Coupal - Tuesday, October 16, 2012

Renting is the obvious alternative for someone who is unready for the financial strain that home ownership entails.

But low vacancy rates have made it a landlord’s market some will say.

Don’t listen, Gen Y. Tough it out in the rental market unless you can truly afford a home, save a down payment.

Home sales are declining in many cities with prices either following along or at least not rising. The right play for people ready to buy a first home is to sit tight and let the market deflate.

Those who don’t have the means to buy a first home are in a tough spot because of our society’s preoccupation with home ownership. Young adults are the segment of the population worst served by this attitude. They can’t afford to buy a house, so they feel inadequate or cheated. Or, they stretch too far to buy a house and get bled dry by the cost.

Renting by no means has to be a permanent choice, although it can be. The key to making it productive is to start an aggressive savings plan while you rent. Estimate the cost of owning a home, subtract the cost of your rent and then put as much of the rest as possible away.

Renting isn’t a quick and easy alternative to buying, though. But when you rent an HHHunt apartment home, we help build your credit record by submitting on-time rental payments to credit agencies.

The rental market is still a better option for Gen Y than buying prematurely. Renting, at least, is a finite expense each month. Housing is infinite – there are fixed costs, plus endless discretionary expenses. Buying is not the solution to difficulties in finding a place to rent, at least not without further price declines. Instead, find a roommate and pool your resources to cut rental costs.

For information on renting an apartment in Raleigh, NC, contact Auston Grove Apartment Homes.

The Globe and Mail


Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610

Call: 833-779-8856
Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250