Ecoscientific Rates: Why Millennials Make Choice In Favor Of Renting

Modern millennials all more often choose rent of real estate, and not its purchase, and thus far, not accidentally. This global trend is conditioned by a multitude of factors, among which are ecological, economic, and social reasons. In the given article, we will analyze why ecoscientific young people make such choices, relying on statistical data, expert opinions, and examples from real life. For those who consider renting cars, Speedy Drive rent a car offers convenient conditions.

Growing Trend: Reasons for Popularity of Rent With Reverse Side

Ecological Factors as Motivator

• Reduction of carbon footprint — rent of real estate promotes more efficient use of resources. For example, multiapartment houses consume 30% less energy per inhabitant in comparison with private houses <a .
• Less expenditure of resources — rent allows to avoid excessive expenses on repair and maintenance of real estate. Owners of housing are obliged to care for such things as replacing roofing or caring for the garden, while tenants are freed from these expenses.

Economic Reasons Attracting Millennials

• Flexibility and mobility — rent allows young people to quickly respond to the challenges of time and remain mobile. Career often requires relocation, and the lack of a possibility of being tied to one place increases their competitiveness in the labor market.
• Reduction of financial burden — purchase of house requires significant investments and constant expenses. For millennials burdened with student debts and rent — this is an important way to avoid these expenses and rationally manage finances.
• Investments in other areas — saving funds on the purchase of real estate opens opportunities for investments in other important spheres, such as education or startups. This more effectively answers their life values and priorities.

Social Aspects Forming Image of Young People

• Changes in lifestyle — modern millennials product-oriented and prefer experience over material benefits. Travel, education, and cultural events became more important for them than the purchase of their own housing. understanding millenials.
• Values and priorities — they more oriented on social responsibility and ecological consciousness. Rent allows them to live in accordance with these values, minimizing excessive consumption.
• Opinions of experts and real cases — experts confirm the trend: more than 70% of millennials consider rent more ecologically advantageous. Examples of cities, such as San Francisco and New York, clearly demonstrate this shift.

Future Trends: Going Forward

It stands to assume that rent will become even more in demand among millennials. Probably, this will lead to the emergence of new forms of rent — co-living or joint residence, which will flexibly adapt to modern people, offering more sustainable and socially responsible models of residence Statista Market study.

Thus, the choice of rent among millennials is explained by their values and modern lifestyle. These young people strive to minimize negative influence on the surrounding environment and focus on personal development and experience. Taking into account all these factors, it can be confidently said that the given trend will continue to gain strength in the future.