Affluent Millennials are Lifestyle Renting, but is that the best option?

Affluent Millennials are Lifestyle Renting, but is that the best option?

Move over “white picket fence”, it’s all about the doorman and a sleek gym for an increasing number of monied millennials—or at least that’s what a new study from real estate site RentCafe implies. It finds that the share of millennials who are lifestyle renters—defined as renters with above-average incomes who are using their bigger budgets to rent in amenity-rich, fancier apartments rather than buy a place—is on the rise.