In our current economy, every small step taken to support and strengthen recovery efforts is valuable. Along with the housing market, the apartment industry has had, and continues to have, a huge influence on local and national economies. This industry adds countless jobs and can bring in incredible revenue for the local areas where an apartment community is placed.
And, as we mentioned in our last blog post, by renting, young professionals can maintain their mobility. In the long run, this can help more renters find employment and to easily grow within their career. As you may have guessed, higher employment is always good news for the economy!
In fact, even CNN Money has something to say about it; “encouraging young people to buy a home may be storing up trouble for the future in the shape of higher unemployment.” The possible weakening in employment would be the result of lower levels of mobility, greater commuting times, and fewer new businesses – obstacles that can be avoided when more people choose to rent.
It’s clear that renting has many more advantages and perks when compared to other living options! Aside from living active lifestyles without the stresses of home maintenance, renters might have better job prospects too. In Arcadia Run, residents have access to some of the best and most extensive amenities in Manassas. Our apartments are brand new and are available in a variety of floor plans with plenty of styles to choose from. Residents can join a great community that offers so much, all while enjoying this charming and historic town!
Source: CNN Money