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To buy or to rent: the age-old question you find yourself grappling with once you startadulting.
In the U.S., 66% of householdsown their homewhile 34% rent it.
So, you could say that the majority of Americans think buying is the way.
Butthis mandidnt think so, and opted to rent.
And when he renovated his rentals kitchen, the owner started seeing dollar signs.
Housing expertsclaimthat theyre the most screwed generation when it comes to homeownership.
However, reality often forces them to spend their money on properties they dont own.
Millennials tend to put money into the things that make them happy now rather than investing in the future.
Financial planner River Nice explains it as part of a unique millennial outlook.
A lot of personal finance for our generation is a motivation game, they explained.
You dont own the place, so whats the use in upgrading it?
However, there are some things to keep in mind when youre renovating a place youre renting.
If youre taking on bigger projects like the OP, youll likely need the landlords permission.
When they make reversible changes, renters should restore the unit to its original state before they move out.
Ultimately, what a renter can and cannot alter depends on the terms of the lease.
Still, their genius pettiness is one for the books and will be hard to beat!
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