Back in the day — actually not that long ago — America was a very, very different place. The housing market was booming, the economy was thriving, the job market was secure, and the Backstreet Boys were still considered cool (groan). Thanks to the beliefs and values of past generations, during this time home ownership was a sign of having “made it” in life.
However, was the Great Recession hit during the mid 2000’s, America underwent a major change. The housing market plummeted, the economy crashed, and the job market became fiercely competitive and unstable. Thousands upon thousands of Americans lost their jobs, their homes, and their savings as the economy spiraled downward.
Because of this, Americans had to adapt and do so quickly. As such, renting lofts and apartments became increasingly popular as more and more Americans were forced out of their homes. Now, nearly six years later, attitudes towards renting have changed and for the better the best apartments have changed.
Many people choose to rent a luxury apartment due to the sheer convenience and flexibility it provides. For example, where else can you find world class amenities, a convenient location, stylish interiors in one place? In fact, luxury apartment rentals have become so popular that developers and racing to keep up with the demand for new suburban and city loft apartments.
However, don’t let the word luxury throw you off. If you choose to rent a luxury apartment, you’d be surprised how affordable they are. The cost of renting is significantly less than owning a home, which is rife with unexpected expenses and repairs. On the other hand, those who choose to rent a luxury apartment can enjoy the convenience of round the clock maintenance, all of which is included in the monthly rent.