RENT­ING OVER BUY­ING

Hindustan Times (Chandigarh) - Estates - - ESTATE -

Their par­ents had a dream home, scrimped and saved to make the down-pay­men­tandthen the EMIs, lived in it all their lives. To­day’s young buy­ers are fram­ing their own dreams, and for many, rent­ing is eas­ier than buy­ing in the same way that eat­ing out is eas­ier than cook­ing.

Time and dis­pos­able in­come are the new dream.

So is flex­i­bil­ity — you can’t move to Ger­many for a year, toy with the idea of liv­ing in the UK and come home for a spell to work things out, if you have a home loan and a flat that needs car­ing for. Mil­len­ni­als are also putting off get­ting mar­ried, which is an­other rea­son home own­er­ship is be­ing put off too.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.