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.
