About this episode
Many people believe that when you're retired, you need to own your own home, ideally without a mortgage. But there are instances where renting can make more sense, not just financially but for several other reasons. In this episode, James discusses the pros and cons of owning versus renting and when it makes sense to rent instead of own. Questions answered: In what instances does it make more financial sense to rent than own? What other reasons might factor into the decision to rent? Timestamps: 0:00 Intro 3:33 Cost of rent rising 6:00 Less control 7:22 Equity 9:00 First issue: tax implications 11:49 Second issue: budget 15:08 Lifestyle 18:44 Your health 19:56 Example 23:20 Emotional factors 24:33 Outro Create Your Custom Strategy ⬇️ Get Started Here. Join the new Root Collective HERE!