NYT: Renting as a lifestyle

NYT: Renting as a lifestyle

“Forever renting is very much a movement. It’s a lifestyle.

The article emphasizes that renters should squirrel away as much as possible in an index fund or other investments.  Millennials and Gen Z need an article like this to tell them that renting is a lifestyle choice, so it’s okay to do.

My sophisticated aunt and uncle never owned a home.  I’d like to ask my uncle why.  He had a steady job as a teacher and she was an office manager.  My uncle liked building things and working on projects, but must have done that all at school.  It wasn’t the money.  They bought a vacation property in the Poconos and had plenty of investments.  The apartment they’d rented for decades was in a good neighborhood, nicely furnished and rather mundane. 

Continue reading