Making the choice of where to live can be difficult, especially in regards to the pros and cons of renting and buying. While the economy has since recovered from the housing crisis several years ago, investing in a mortgage is still not without risk. Many people are now looking to the convenience and luxury of options like city loft apartments for something more secure, but what are the exact advantages of choosing apartment living?
1) Apartment rental has proven to be less of a financial risk than buying a house.
Many of us saw the effects of the Great Recession towards the end of the 2000′s with an increased number of foreclosures. Homeowners still run that risk and they’re not the only ones; almost 40% of foreclosures happen to single-family homes,