No Picket Fence: Younger Adults Opting to Rent – NYTimes.com

“VIENNA, Va. — On a recent sunny afternoon, a half-dozen grinding and spinning cement trucks helped lay the foundation for what many real estate developers see as the most promising housing opportunity in postrecession America: apartment living.

Here in suburban Vienna, about 16 miles west of downtown Washington, Joshua Solomon’s DSF Group is remaking a congested but nondescript intersection into a haven for young adults of the millennial generation. Like many other developers who survived the housing bust, he now expects a coming wave of renters who intend to stay that way for a while to help lead the industry to a brighter future.”

via No Picket Fence: Younger Adults Opting to Rent – NYTimes.com.

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