He speaks in Philippa “Pepa” White and Petchu Steins, residing in the 60 -year -old Atlanta, Director of Corporate Development, Brian Colls, talks to Fox News Digital about an increasing trend of 55 people and rented apartments.
Owning and preserving the house may not be determined by the American dream of many older Americans.
“I definitely save money. I have no expenditures as I did before, and I carry a home and mortgage. So, I am definitely much more freedom than I was, lighterly weight,” 60 -year -old creative creative director Philipa Pepa “White” Fox News Digter.
“I am in the Renaissance, in fact.”
White is one of the many tenants who join the increasing direction, as the high property taxes and insurance and repair costs pay people 55 and above the sale of their homes and thinking about renting.
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Between 2021 and 2024, property insurance premiums increased by an average of $ 648 annually at the country, according to what he said. Consumers Union in America. The data of the National Association of Real Estate Blazers shows property taxes Average about 4 % of the average family income – It rose with climbing of property values.
Many Americans are studying 55 years or the largest rental costs of low taxes, insurance and repair. (Getty Images)
accident Harvard Joint Center for Housing Studies report I found that people 55 and above represent half of all spending to improve home – a share that is expected to grow to more than 56 % to 2025.
She was born in Toronto, White spent years in New York City before buying one family house in Chicago, where she lived for about two decades. She later took a new job, moved and started renting an apartment in the newly built society.
She said, “It was like a perfect good storm.” “I love d) my house, my children grew up at home. But the houses are a lot of maintenance. For me now, at this stage of my life, I really wanted to live lightering … I know that many of my friends are launched, our children are released or (they).
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“In terms of From the American dreamI think people who start their families in the twenties and thirties of the last century, still want to be the traditional dream of owning a house, raising their families, and approaching good schools and society, “I think this new semester is,” I think there is this second semester. “
KOOLES said the PMG rental portfolio has seen about 70 % in people’s inquiries 55 and above in 2025 compared to 2020. The group is expected to make up 20 % of the community in Atlanta during the five years to the next ten years.
“I think people are 55 years and over now a more active lifestyle,” Colls said. “We also see that they value financial flexibility, so they prefer to pay the rent rather than getting money in a house that may be difficult to sell. It is not the most liquid asset.”
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“For them, stability is not really the desired result when all they know is that there are changes in the future. So, it is less than knowing that they will be in one place and more than knowing that they have the ability to adjust their living situation with life change,” continued.
Aerial view of a horizon in Atlanta society, located in the heart of the city of Georgia. | Foxbushing
White confirmed that the transfer from the owner of the house to the tenant She saved her money So far, she has allowed her to invest in more emotions, such as travel, pottery and jewelry.
“It is actually cheaper, as if I were in one bedroom apartment … simplifying my life, it is definitely less expensive. I don’t need much,” she said.
White added: “I think there is nothing worse than kicking around a giant house that you should just have to clean and heat.” “This is what I felt in the end.”
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“Prices are high, real estate loans are expensive, and markets are not very predictable. At this stage of their lives, they prefer to invest money safely than taking this debt and calming the tenants,” I also think that tenants who want psychologically in a great place.
White said that her new apartment allowed her to enjoy the present, describing her as “like a youth retirement community.” Colls said it represents the fading shame about the rent in exchange for having a house.
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“People who are more than 55 years old can be more interested in increasing their recovery to the maximum and getting the most life of life when they are in good health, rather than keeping a large house in their neighborhood as a symbol of status. Feeling satisfaction will be more precious than anything.”
“The great advice that I would like to say, if not now, when? Don’t wait, do it now,” White encouraged its collections. “Life is an adventure, and as I said, these years are a kind of your renaissance … I was not alone. People cannot wait for attendance and visit … I am from a cold place, so everyone is very excited about going down here and warmth this winter. So I think my advice will be: Just do this. Just jump, take a leap.”
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