Re:The Future of Moving
by chatmasta on Tuesday February 04, 2020 @04:53AM
(#22233930)
It's not just people who own houses that have to move between them. Most millennials haven't even bought a house yet. But they still need to move between apartments, and that happens on more frequent time scales than someone buying/selling their home. If I had to guess, the average lease in a city for 20-30 year old tenants is between 1 and 3 years. It's not uncommon to move three times in a five year period.
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Part of it is that, if you're single and renting, you're probably more likely to move closer to a new job to avoid even a relatively modest increase in commute time. Whereas, if you own a place--especially if there are other considerations like a partner or kids--you'll likely just suck up a longer commute to stay where you are.