Renting in retirement

[braumeister]

Oops! When I saw the title, I thought the thread was Ranting in retirement. We have enough of that already around here.

[GT1 Doug]

We currently own our home outright and plan on staying in it for the foreseeable future. However, our plan at about age 75, is to sell and most likely rent a much smaller place, closer to town, at that time to avoid all of the maintenance/upkeep issues. We believe this will provide us with the maximum flexibility to deal with health issues if applicable. We saw with our parents that a change in health status can happen very quickly and a home sale under those conditions can be much more onerous (as well as less profitable).

[heeyy_joe]

If your money is green an American landlord will likely take it. Absolutely no need to buy a place.