Every so often during discussions about the various mixed use proposals before the city, someone will inevitably ask:
Why are all these proposals for apartments? Why aren’t they proposing condominiums?
Part of the answer, of course is, not everyone can afford the down payments or has the credit to own. But as a recent NPR report explains, there’s also a growing population that just prefer renting…
“What we were shocked to find out was it was people that had great credit, they had money for down payments, they had great incomes, but they just didn’t want to own a home,” Hartmann says. “They were a lifestyle renter, renter by choice.”