Tuesday, October 27, 2015

Millennials Rent: Come for the cost, stay for the benefits [Edit]

Recent reports show that with college costs on the rise, students are graduating with more debt than ever. A higher debt-to-income ratio results in la lower number of homes. An article by Forbes.com reported that homeownership for 18 to 34 year-olds was at an all-time low of 13.2% in 2014.

However, the choice to own a home is not always related to money. The drop in homeownership may have to do with the amenities and other services offered at apartment complexes. Many apartment complexes have gyms, pools, media centers, tanning beds and a clubhouses. The cost to add those features to a single-family home would be out of the budget for most young people.

Another perk of living in an apartment is having a sense of community. In an apartment setting, it's easier to have a relationship with the people next door. Knowing your neighbors also adds a layer of protection. Statistics show that strong neighborly bonds can reduce crime in the community.

Although apartment living is less personal, it's more simple to rent. Renters of apartments do not have to worry as much about maintenance or lawn care. If a pipe breaks or a toilet clogs, there is no out-of-pocket cost to the renter; a call to maintenance will solve the problem.

Potential renters research properties and landlords to ensure the location has a good reputation, trustworthy management and efficient maintenance. Slow maintenance or broken amenities can create an unpleasant atmosphere, along with a unit where smells can permeate through the walls. For example, if  you live next door to a heavy smoker, you may be exposed to secondhand smoke. 

Weigh the pros and cons yourself. Renting is temporary, so if you don't get it right the first time, you can always change it up and try something new the next time. Perks of being a millennial. 

14 comments:

  1. Great edit! There is a typo in the first paragraph you missed in the second sentence that needs to be omitted. Other than that, great job!

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  2. I would change "an article by Forbes.com" to "An article posted on Forbes.com" because the way it is written to me, seems like the website wrote an article. its just the host. Great story though!

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  3. Good edit! I agree with David and Kara. Also, I think you should but a hyphen between "drop"and "in" in the second paragraph.

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  4. Delete the final sentence because it's not needed. Recreate your headline because it sounds like an advertisement and not a news story. You don't need the colon and could easily select a better verb. You also don't need the hyphen in "year-olds."

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  5. Great edit! I also agree with David about the Forbes article, but other than that great job.

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  6. Great edit! In the first paragraph, I'm not sure what you meant by "la lower number of homes." Other than that, great job and great job editing. Love the headline!

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  7. I agree with Amy, i would delete final sentence.

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  8. I would take out some of the teaching moments of this article.

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  9. I agree with Amy, the last sentence wasn't really needed, but I see what you were trying to do. The headline was cute too!

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  10. I like your headline. Your edit also flows well and is well written. Good job.

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  11. I think the final sentence needs to be removed. I thought you did great editing!

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  12. I agree with David and Amy. The last sentence doesn't need to be in there. Great job!

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  13. Concluding line could be improved!

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