Retirement Living: Renting vs. Homeownership
Article Excerpt: "... If you own your home, you’ll likely enjoy more stability and control. You won’t have to worry about a landlord bumping up the rent. Likewise, a landlord can’t sell the residence out from under you. You still have the option to move, but it will be your decision—not a landlord’s. Also, you can’t remodel a rental, at least not without the owner’s permission. Build Equity For some retirees, it’s important to leave an inheritance. Others want to use accumulated home equity to take out a loan, line of credit, or reverse mortgage. These are situations in which ownership makes the most sense..."
Resource: www.investopedia.com