Quote:
Originally Posted by RollingStone  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.
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