2. No property taxes
There are states where property taxes are high, and it’s your duty to take care of them if you’re the owner of the property. That’s exactly one of the reasons why a lot of people prefer to sign a lease; the landlord is the one who’s in charge of the property taxes.
When you rent a place to live, you have no responsibility in terms of paying these expenses on your unit. And considering how high they run in some places, that’s a major way for you to save some money in your wallet every year, so you have to really think about it.
When you rent, you are at the mercy of the landlord. Some landlords are in no hurry to fix things.
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.
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 !!!
You will never make any money renting. I firmly disagree with this article. My wealth came from purchasing and renting real estate.