What’s the reason for not just renting housing till the end of time and dumping my excess savings into REITs? Is there a big difference in outcomes vs buying a home?
In: Economics
Among other things mentioned here, I’ll add in this caveat…
When you retire and are looking to lower your income for certain thresholds, having your house owned means you don’t have to liquidate as much of your invested assets to pay monthly bills since you don’t have rent to pay.
This could mean withdrawing extra money to pay rent could put you over the limits for certain subsidized services in retirement.
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