I’m currently renting a home for space for gardening. Tomato seedlings went out last weekend :)
So there’s that, and there’s retirement. Having set expenses (aside from taxes) is super important and you’ll never have that with renting when you’re retired.
I don’t consider my home a retirement vehicle. I save separately for that. But I do understand that for some people, it is, and that’s understandable.
Its a retirement vehicle in that it prevents future rent raises from threatening your retirement, not in that you can/should live off of your home’s equity. Nobody wants to go back to work at 85 because their rent doubled.
I’m currently renting a home for space for gardening. Tomato seedlings went out last weekend :)
I don’t consider my home a retirement vehicle. I save separately for that. But I do understand that for some people, it is, and that’s understandable.
Its a retirement vehicle in that it prevents future rent raises from threatening your retirement, not in that you can/should live off of your home’s equity. Nobody wants to go back to work at 85 because their rent doubled.