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Reply to "If you liked renting would you just keep doing it?"
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[quote=Anonymous]Renting in your circumstance is fine. You have flexibility, possibly a lower monthly payment than a mortgage, no maintenance costs (everything breaks eventually) and you’re saving. I have done both, and on my first place when I went to sell I lost money and would have been better off renting for those seven years. The only factor for you could be your retirement income. If you don’t have strong retirement income, you might want to be living in a paid -off property and save your smaller income for just the taxes and carrying costs.[/quote]
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