Pros and Cons of Renting When You Retire

There are several Pros and Cons of Renting When You Retire, especially when considering homes in Indian Lake Ohio.  Older renters are on the rise, with households aged 55 and over contributing 42 percent of renter household growth as reported by the Joint Center for Housing Studies at Harvard University in 2015. The rate will only increase as more Baby Boomers hit retirement age. Consider some of the pros and cons of renting in retirement.   Pro: no more mortgage People who choose to rent in retirement are no longer making monthly mortgage payments. Depending on the financial situation, this may mean entering retirement debt-free. Con: No more taxes Homeowners receive tax incentives including deductions for property taxes and mortgage interest. Savings can add up in states with high property taxes.   Pro: No longer tied down Dream retirement looks different for people but many enjoy the freedom of not being tied to a home. Renting offers flexibility since there is no house to maint
http://www.cprealestate.com/blog/2016/11/02/pros-and-cons-of-renting-when-you-retire

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