Negotiate a Lower Rent and Save Up for Buying a House
Is too much debt making it difficult to afford your rent? Or maybe you're looking for a bigger place - but without the bigger price? You may still be able to take advantage of the current renter's market before it disappears.
Recently, renters have gained major negotiating power, say Chicago bankruptcy attorneys. Younger people are increasingly opting - or forced - to rent instead of buy. Kids who moved back in with their parents and renters who added roommates to help cover their lease are finally looking to move back out on their own. Eventually, we could end up with a rental shortage. But in the near future, a lot of vacant apartments and potential tenants might mean a chance for you to lower your rent.
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