As a representative of the discussed demographics (GenY, dual income, would-be first-time buyers)I can assure you that me and my renting friends are getting increasingly comfortable on the sidelines. “Pride of ownership”, “ability to paint my bedroom purple” – those concepts are lost on me and most of my peers, and things like landscaping and remodeling are viewed as chores and mandatory expenses. What we really worried about is being priced out of the market forever… Well, that’s not an issue anymore, so nothing forces us to make the move until we find our PERFECT house for a comfortable price or until buying becomes cheaper than renting.
