5. Less expensive
Up until this point, we’ve said that being a homeowner will cost you more money than renting a place to live. The truth is that you’ll have to pay a lot of money on a lease too: security deposits, application fees that are non-refundable, and the first and last month’s rent at signing.
But it still won’t be as expensive as owning a home. The down payment and the closing costs will surely make a hole in your budget if you’re not ready for them. Even though your monthly rent might be a tiny bit higher than paying the cost of a mortgage each month, there are a few good things about it. You don’t have to be scared about expensive things such as home repairs and property taxes.
…You win some, you lose some. Isn’t that right?
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.