If you’re part of the Millennial generation (typically defined as someone born between 1977 and 1992), the renting vs. buying landscape is drastically different for you than it was for your parents and their peers. That’s leading many Millennials to ask themselves the age-old question: should I rent a home or should I buy?
Beyond common-sense justifications like paying for something you own vs. lining a landlord’s pocket, today’s hard economic data seems to favor owning. Trends can come and go, but numbers don’t lie.
With that, here are a few reasons why, for Millennials, being a homeowner trumps being a tenant.