Should you rent or buy a home?

I think it depends . . . .

People may think we’re crazy, but at 52, my husband and I just sold our home with our good fixed APR 15 year loan to rent a home nearby on the water.  We did the math, and it all made sense to us given our retirement goals and future plans, plus our dream to live on the water.  We’re now completely debt free and actively funneling money into savings and retirement.  We don’t have to worry about replacing a roof, falling trees, flood insurance, property taxes, HVAC/appliance fails, etc.  We have a fixed monthly cost for budgeting. 

Contrary to what we may have been taught all of our lives, home ownership may not be the best path for housing and for achieving personal financial goals.  In the link below, Sarah Szczypinski for The Motley Fool lays out the different areas you should consider when evaluating this big decision.   

http://money.cnn.com/2017/10/09/real_estate/rent-or-buy/index.html

It’s important that you carefully consider your personal situation, plans, and goals.  Remember your EAP is there to help in times like this to provide support, financial resources, and/or consultat