Despite the low interest and low home prices many would-be homeowners have hesitated to buy a home. People still don’t think they’ve seen the bottom of the real estate market.
With prices so low, ownership is no longer the cash cow it was in the boom years. In an anemic economic recovery, many Americans don’t know where they’ll be in five years, let alone the ten or more it would take to sell a home at a profit. Banks, burned from the foreclosure mess, are reluctant to loan.
Given the risks of home ownership, renting is no longer just the province of young people and the poor. It is not uncommon for real estate lawyers and financial planners to get numerous phone calls a day from people asking for advice on whether to rent or buy.
With more and more Americans delaying or eschewing home ownership altogether, we are seeing a rise in those who want to and are choosing to rent.
But for many, renting is not a compromise, it is an improvement over what they could afford if they were to buy a home. Renters can live where they work and live in apartments with pools and fitness centers.
At Abberly Green, apartments in Mooresville, NC, the lifestyle you've been hoping for can now become a reality.
Abberly Green provides the community ambiance your lifestyle demands in a setting that has everything you need and want close at hand. Contact us.