RENTING OVER BUYING
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.