Hi folks.
Planning on moving in 3 years, when son is done w/ high school. Wife and I should both be retired at that point. We own our home, with no mortgage.
I always figured we'd buy a house in our new location, but I'm having second thoughts. Here are some potential advantages of renting:
Just looking for other views/thoughts on the subject, especially if you are renting and FIREd.
Thanks.
Planning on moving in 3 years, when son is done w/ high school. Wife and I should both be retired at that point. We own our home, with no mortgage.
I always figured we'd buy a house in our new location, but I'm having second thoughts. Here are some potential advantages of renting:
- no property taxes
- no maintenance costs
- no insurance
- money that would be invested in house could be working for us in the market
- freedom to move quickly & easily
Just looking for other views/thoughts on the subject, especially if you are renting and FIREd.
Thanks.