1. More flexibility
One of the leading reasons why people prefer to rent a space rather than own it is that it gives them more flexibility. If something happens, such as switching jobs, moving to a different city, or simply getting bored and wanting to switch things up, it’s easy to do. It’s a lot harder to sell a house than to break a lease. Besides that, it’s also a lot quicker.
Even if you don’t quit your lease early, renting establishes clear boundaries on which you can base important lifestyle choices. For instance, there are many people who like to know that they only have to put up with their living arrangement and/or location for about a year if they ultimately regret it. And that’s something that makes them motivated to choose better the next time.
You will never make any money renting. I firmly disagree with this article. My wealth came from purchasing and renting real estate.
I think it’s good idea to rent insted bying a house you make point about that there is a big diference to sell a house , to rent one . moving from one state to an order state rent is easier then bying !!!
I’ve lived in an apartment for the last 10 years after being a homeowner for many, many years. The one thing I would add to your list for older adults is safety living in a secure building.
When you rent, you are at the mercy of the landlord. Some landlords are in no hurry to fix things.