Social Icons Superfish

Nearly 40 million Americans invest in REITs

No Place Like Home

10/30/2012 | By Allen Kenney

Published March/April 2012

The American Dream is dying—at least the one we all remember.
In the wake of the turmoil in the U.S. housing market over the last five years, owning your own home no longer seems like such a critical life milestone to the new generation of young people now in their 20s and 30s. They probably know multiple people who have taken a bath on a house or condo bought at the peak of the market. They’re waiting until later in their lives to get married and have children, so it’s not like they need the extra space. Plus, the modern-day business environment rewards workers with the flexibility to move where the opportunities are.

Whatever stigma that might have once been attached to renting is fading fast. In sum, renting is gaining momentum as a lifestyle choice as much as one made out of necessity.

Resourceful companies such as Camden Property Trust (NYSE: CPT) have enjoyed a strong run lately thanks in large part to the explosion in renters. What’s more, they’re positioning themselves to enjoy sustained growth as more individuals eschew owning their own house.

After all, there’s no place like home, whether it’s a house
or an apartment.



Other Features

Know How
With Martin “Hap” Stein, Jr. Chairman and CEO, Regency Centers Corporation (NYSE: REG) Why is now a good time for your company to be focusing on...
Everybody Wins
Twenty years ago at NAREIT’s annual convention in New Orleans, Sam Zell, chairman of Equity Group Investments, gave a landmark speech on the future...
Going Viral
Once upon a time, “going viral” meant a couple days in bed and more chicken soup than you could stand. Today, it’s an endgame—the hope that an idea,...
A Cycle of Recycling
Once the exclusive domain of the Boy Scouts, the concept of recycling has become a given in everyday life. Woe unto the careless consumers who ditch...
Enduring Adaptability
Contradictory idioms and tropes tend to get tossed around in the vernacular of business like a 4-year-old trying to decide what to have for lunch. (“...
The Boardroom According to Costanza
There’s an episode of the classic 1990s sitcom “Seinfeld” in which the irascible George Costanza finds himself wanting out of his front-office job...
Bouncing Back
What a difference a year makes—or, in this case, five years. Back in 2008, chaos started to reign around the world, and it felt like the onset of the...
Economics: The New Black
It’s the economy, stupid.” Twenty years have passed since Arkansas Governor Bill Clinton turned that mantra into the foundation of a staggeringly...
Back to Reality
A new year typically symbolizes a fresh start. The truth, though, is that there is no magic reset button to begin things anew. Simply because the...
Real Assets
Remember back when we paid for everything using paper bills and tiny hunks of metal? These days, pulling cash out of your wallet to pay for your...