There are a lot of reasons someone may choose to rent rather than buy a home. But everyone’s circumstances are different and what works for one person may not work for you. The decision to rent or buy may depend on what phase of life you are in.
Renting in retirement can provide the flexibility needed for older adults. By selling your property, you gain liquid assets and a source of income that you didn’t have before.
David Mount, Director and Portfolio Manager at The Wise Investor Group, outlines this decision in his recent article with The Washington Post.