Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by astura on Thursday May 02, 2019 @12:31AM
(#19804759)
I'm convinced renting is the best thing for old age.
The reason I say that is because 9 times out of 10, from what I observed, old people who own end up living in squalor because they lose the ability (financial or otherwise) to care for their house. Maintenance ends up being deferred indefinitely. At the same time senior apartments are incredibly affordable, at least in my area.
Sure, that's not every old person, but I see it enough that it's concerning.
The reason I say that is because 9 times out of 10, from what I observed, old people who own end up living in squalor because they lose the ability (financial or otherwise) to care for their house. Maintenance ends up being deferred indefinitely. At the same time senior apartments are incredibly affordable, at least in my area.
Sure, that's not every old person, but I see it enough that it's concerning.
P+I is just a part of the cost of owning a home.