Potential for property appreciation and passing down an inheritance.
Rising property taxes and unexpected repair costs on a fixed income. Exposure to annual rent inflation and lease non-renewals. Full responsibility for all interior and exterior upkeep. Maintenance-free living; landlord handles repairs. Equity/Wealth rent or buy in retirement
: You aren't at the mercy of a landlord's decision to sell or raise rent. Potential for property appreciation and passing down an
: If the home is paid off, monthly costs can be significantly lower than market rent. rent or buy in retirement
Renting is increasingly popular for retirees who want to downsize and minimize their "responsibility load". Downsizing in Retirement? The Big Question: Rent or Buy?