While plenty of millennials would love to buy real estate in Downtown Boston, there are just as many—if not more—who find renting is a better option for them. Wondering why so many young professionals are shirking home buying? Read on for the top reasons millennials love renting in Downtown Boston.

Less Debt

First and foremost, owning means going into significant debt. Although purchasing a loft or condo in Downtown Boston, is a great investment, young professionals saddled by student loan debt (roughly 70% of students have loan debt, and the average amount is just under $30,000) often can’t save up enough to make a down payment.

Fewer Responsibilities

Down payment and other upfront costs of ownership of a Boston Midtown condo aside, being a homeowner also comes with numerous other ongoing financial commitments from taxes to insurance, utilities to maintenance costs. When millennials rent, many of these costs are included in their rent, and they don’t have to worry about coming up with the cash if the dishwasher goes out.

More Amenities

Many condo communities in Downtown Boston feature amenities like swimming pools, spas, fitness centers, great rooms, lounges, on-site maintenance, secure parking, and some even have a concierge. Of course, complexes with more amenities tend to also have higher rents. However, for millennials, having access to the amenities and the cost rolled into rent instead of separate memberships often makes renting in Downtown San Diego worth it.

Flexibility

Downtown Boston is a great place to live, especially for millennials. But in an economy that still can’t give millennials the job security once available, renting gives young professionals the ability to pack up and move for career opportunities without the hassle of selling or renting out their loft.

City Life

The biggest reason millennials love to rent in Downtown Boston is simply because they enjoy the urban lifestyle.

Whether you’re looking to rent or buy, the Downtown Boston real estate agents at  Ford Realty can help you find your dream home.  Check out our inventory or give us a call to start your property search today.

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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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