need to buy after 5 years of renting
/niːd tuː baɪ ˈɑːftər faɪv jɪərz ʌv ˈrentɪŋ/
EN
The requirement or intention to purchase a property after renting it for five years
Many first-time homeowners choose to save for a down payment and have a need to buy after 5 years of renting.
Many first-time homeowners choose to save for a down payment and have the requirement to purchase a property after renting it for five years.
Etymology
This is a modern phrase that emerged from common residential real estate practices in the 20th century, as long-term renting before property purchase became a common strategy for new homeowners.
Collocations
housing planproperty purchaserent-to-buydown payment savingfirst homeresidential transition
Synonyms
plan to purchase after rentingintend to buy after five years renting
Antonyms
choose to extend rentingdecide to never buy
Related Words
homeownershiprentingdown paymentreal estateproperty