I know this has been asked before (if not here, then on other forums) but is anyone here renting in retirement?
What are some pros & cons of doing this? A senior couple who just sold their home moved in across from us a couple of months ago. They said the cost and effort of maintaining the large home in which their kids grew up became too much so they prefer the comfort of renting where someone else "takes care of the maintenance".
HA!
Is the trade-off of steadily increasing rents really acceptable to the cost and effort of maintenance?
Would love to hear your opinions on this. We will eventually have an adult child with special needs living with us in our senior years so this is worth some additional thought for us, especially as we have been saving up a down payment and hoping to buy soon but their feedback has given us cause / food for thought.
Thanks so much for all your input!
What are some pros & cons of doing this? A senior couple who just sold their home moved in across from us a couple of months ago. They said the cost and effort of maintaining the large home in which their kids grew up became too much so they prefer the comfort of renting where someone else "takes care of the maintenance".
HA!
Is the trade-off of steadily increasing rents really acceptable to the cost and effort of maintenance?
Would love to hear your opinions on this. We will eventually have an adult child with special needs living with us in our senior years so this is worth some additional thought for us, especially as we have been saving up a down payment and hoping to buy soon but their feedback has given us cause / food for thought.
Thanks so much for all your input!
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