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What about self-modifying renting contracts? In Germany, some contracts increase 3% every year, not that cheap. And what happens when you're in retirement and
by IloveHN84 9y ago
What about self-modifying renting contracts? In Germany, some contracts increase 3% every year, not that cheap.
And what happens when you're in retirement and your pension isn't as much as when you were working? Can you keep with the rent?
- Simulacra 9y agoThis is why I eventually bit the bullet and purchase the home. I didn't want to be 65 years old trying to deal with increasing rent on a fixed income in retirement.
- ghaff 9y agoTo be fair, you may want to retire somewhere different from where you live when you're working--and may want, for example, a smaller place that requires less maintenance. But, yes, there's a strong argument for the desirability of owning your own place if you're a healthy 65 year old because you don't want to one day wake up and find you need to move in a couple months because an owner has sold a building.