Why pay rent at a rate that is higher than the cost of a mortgage payment? It makes no sense when you are 20 years from retirement and trying to save money. Not only can you save tens of thousands of dollars by owning your own home but the equity is part of your retirement nest egg.
This episode exposes some of the differences between renting and buying. Facts prove the point that after 20 years renters have zero equity and will almost always have paid more for their mortgage payment. It's hard to speak for California, and other high-cost states so it may be time to move to a more affordable place.
This podcast is part of a series about "Generation X 20 Years to Retirement" Please read more about this at Https://retirecoast.com and visit our website at Logan-Anderson Gulf Coastal Realtors .com
