🏡💡The evolving landscape of housing: innovations in flexible renting and co-ownership will be key to addressing affordability and building wealth - and catering to the rising demand from "Forever Renters"🌐

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⚡🚈"Change happens gradually, then suddenly". Insightful housing and renting trends in "The Rise of the Forever Renters" yesterday The Wall Street Journal

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‍🌎 🛤️Americans who would traditionally be homeowners have become long-term renters, including some with no plans to ever buy a home. Renters are changing savings patterns, sparking new developments, and inspiring businesses.

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📢🔑 The transformation of buildings into luxury apartments reflects a nationwide trend, with higher-income Americans opting for long-term rentals over traditional homeownership. As the demand for rental luxury grows, it sparks new developments and businesses catering to renters' evolving needs.

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⏯️🔑Purpose-built rental communities, build-to-rent subdivisions, are on the rise, offering lifestyle choices without the burden of homeownership. The influx of higher-income renters, evident in the record number of millionaires renting homes, has led to a decline in lower-priced rental options.

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🏦 🔑Financial planners suggest that forever renters need to adjust their investment strategies, exploring real estate investment trusts and other tradable securities for a diverse portfolio.

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🐂🔑There are hundreds of new rental developments rising up to serve a wave of higher-income and older renters flooding into America’s towns and cities searching for luxury without commitment, retirement without feeling old and tidy lawns without owning lawn mowers.

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🪙 🔑For those that aren’t buying homes out of choice, financial planners are preaching that they need to adjust. A simple portfolio that mixes stocks and bonds isn’t going to cut it for the forever renter.

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🐂🏦 🔑These renters need to find other ways to invest in real estate, be it real-estate investment trusts or other tradable securities, to have the diversity needed for a healthy portfolio

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💯🌄 In this dynamic housing landscape, innovative solutions and co-ownership models will play a crucial role in ensuring housing affordability and fostering wealth-building opportunities for all. 🏠💡

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‍#HousingInnovation #RentingTrends #WealthBuilding #CoVista