Ashton Pointe Apartment Homes

100 Ashton Pointe Boulevard, Beaufort, SC 29906
Call: 844-820-6515 Email UsAshtonPointe.PropertySite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P - 5P

$963-$1233

Apartment Homes Beaufort SC Blog

Many Choose to Rent Long Term

Joseph Coupal - Tuesday, September 25, 2012

From cars and apartments in Beaufort, SC to clothing and furniture, huge numbers of the "Recession Generation" (20- to 34-year-olds) are choosing to rent their possessions and homes, according to Bloomberg.

It's understandable -- in the wake of the Great Recession, the jobless rate has topped 8% for three years, student-loan debt totals $1 trillion, and among those able to get jobs right out of school, the median starting salary is a measly $27,000. All while the real costs of many everyday goods have risen.

Does it make sense to rent long term, rather than buy?

Rent vs. Buy: A Home

Many say buying makes more sense than renting. Except when it doesn't.

First, you have to qualify for a mortgage, which may not be easy for those drowning in student loans or who racked up credit card debt during their college years (or years searching for a job). When you rent apartments with HHHunt apartment homes, we report your timely rent payments to credit agencies to help you build your credit score.

You'll also need to have a down payment, which, for most, is the difficult part. As Trulia's chief economist explains, "It may be cheaper to buy than to rent in a particular city, but it takes more than 8 years to save enough for a down payment."

So while buying a home is what many expect, it may not be a feasible choice if your finances are in turmoil -- or if you want the ability to easily move.

For information on renting an apartment in Beaufort, SC contact Ashton Pointe Apartment Homes.

Daily Finance


Ashton Pointe Apartment Homes

100 Ashton Pointe Boulevard, Beaufort, SC 29906

Call: 844-820-6515
Email UsAshtonPointe.PropertySite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: CLOSED

$963-$1233