For many residents renting has become a safer option now than ownership that can be subject to market fluctuations and financial difficulties.
It’s just so happens that people prefer to live downtown. Living downtown means it is closer everywhere and easier to travel. Theaters and cafes are
in vicinity. You don’t need to commute and can walk instead of driving the car. It is also less affected by employment changes. Downtown areas have
characteristic features that distinguish them from other cities, making living there more unique.
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