Abberly Place Blog

Once upon a time, college students dreamt of graduating and then buying a home and having a mortgage. Not so anymore.
 
With an uncertain economy, and more people moving to take jobs where they can find them, renting is what this generation is doing. More and more college graduates are renting an apartment in one of the new “destination living” communities, complete with swimming pools, state-of-the-art fitness centers, volleyball courts and all kinds of apartment amenities.

For the first time in our history owning a home has lost its luster for the young. Since 2008, the percentage of young people who think that owning a home is “better than renting” has fallen.

Renting an apartment in Garner, NC has acquired a sort of cool respectability. Empty nesters figured it out a couple of decades ago, when they began getting rid of their high-maintenance houses.
 
Some of the forces driving the change are cultural. People are getting married later and they travel light longer.

Many are renting apartments because mortgages are hard to come by. There’s no stigma to renting anymore, and there’s just so much to keep you interested and busy in an apartment community.

For more information on a one bedroom , two bedroom or three bedroom apartment in Garner, contact Abberly Place Apartments.

Original article The Daily Beast

The economy has changed and it has some college graduates rethinking the traditional "American dream" of buying a house. Many college graduates are considering renting vs buying a home.

Many college graduates in and around Raleigh are more focused on looking for jobs.

In years past, it was understood that after your graduated college, you would start your job, buy a home and start a family. Not so anymore. These days, Raleigh area college grads are either not finding jobs that are paying enough to feel they can qualify for a traditional mortgage, or not feeling like they want to spend all that money on a down payment and interest, when they can invest it instead.

Many people are opting to rent an apartment in Garner or around the Raleigh area.

Graduates want to feel confident and stable in a job before opting for a mortgage, in this economy, security is a rare commodity for many. Many college grads out there don’t want to be trapped in a 20 or 30 year loan.

The Triangle area does have diverse work opportunities. Abberly Place Apartments has a new college graduate special for those looking for a one bedroom or two bedroom apartments in the Raleigh area around the Research Triangle area.

Contact Abberly Place for more information on our apartment homes and on our new college grad special.