Coastal Delaware Retirees Ask: Rent or Buy a Home?
Posted by Bill Mann on
You don’t have to be on the verge of retirement to begin thinking about the nuts and bolts of your future living arrangements. There is more to it than just adjusting your monthly budget. For many people who are winding up their full-time working lives, a governing decision – one that will affect countless others – is whether to buy a home, continue in one you already own, or to rent.
If it has been years since you’ve even thought about the buy a home vs. rent decision, writing up a list of the current tradeoffs isn’t a bad idea. There are many dimensions to consider, but in the financial area, some bullet points on that list:Some retirees view shedding home ownership as a stress-reliever. If they decide to migrate -- whether to a milder climate or to…
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