Why Selling Your House and Renting in Retirement Is a Bad Idea ...Middle East

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Why Selling Your House and Renting in Retirement Is a Bad Idea
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Home ownership is usually touted as a keystone of financial stability, which is one reason why it’s so worrying that it looks increasingly out of reach for younger people. Older generations, on the other hand, are generally sailing into retirement years as property owners—80% of people over the age of 60 own a home (though about 40% of them don’t own the house outright and are carrying a mortgage).Having that equity can be a real advantage when you’re retired, but houses also come with downsides. Even if you own them outright, there are costs to deal with, they require a lot of maintenance, and they can make it more difficult to change up your lifestyle. Cashing out your equity and using it

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