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It's not just people who own houses that have to move between them. Most millennials haven't even bought a house yet. But they still need to move between apartm
by chatmasta 7y ago
It's not just people who own houses that have to move between them. Most millennials haven't even bought a house yet. But they still need to move between apartments, and that happens on more frequent time scales than someone buying/selling their home. If I had to guess, the average lease in a city for 20-30 year old tenants is between 1 and 3 years. It's not uncommon to move three times in a five year period.
- ghaff 7y agoPart of it is that, if you're single and renting, you're probably more likely to move closer to a new job to avoid even a relatively modest increase in commute time. Whereas, if you own a place--especially if there are other considerations like a partner or kids--you'll likely just suck up a longer commute to stay where you are.