Quote:
Originally Posted by edtherock
Yes renting might be cheaper, but you never see a penny of that money ever again. That’s the downside. I suppose short term thinking it makes sense living paycheck by paycheck and renting.
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My Social Security check would easily cover the rent. We would still have my wife's check and pension. We could sell our home and collect interest from that tidy sum. Maintenance free living with no extra expenditures. How long are any of us going to live to worry about return of money on a home? But, everyone should look at their own finances. For some, renting may not be a good idea.