| taylor192 | 04-27-2010 08:33 AM |
Quote:
Originally Posted by RollingStone
(Post 6927000)
One thing I am concerned about though is what happens after 30 years of renting (everything else equal) and you are retired. You will have to pay rent whereas if your a poor bloke but have a house, you can @ least do a reverse mortgage or whatever.
| If you're renting rather than buying you have accepted that the savings of renting should be invested.
Consider this: what happens if you get laid off, the economy changes, and you cannot find work in your area for a long time? Renting allows mobility, and mobility is a key to higher paycheques if you can always chase the almighty $$$.
Thus it is hard to "consider all things equal" - it is ultimately a lifestyle decision. | 