The Cost of Renting a Home

Long term buying makes sense because you are acquiring equity and you will have ownership in your house eventually. At some points it is so much cheaper to rent. And it doesn't make sense to buy. As Barb said, one of the challenges is at some point rent keeps going up and you can get priced out. A way to handle that is to negotiate when you're renting just say like hey I want to rent this for the next 10 years hypothetically just say you're retired and you want to rent it for 10 years,. It's not going to appreciate more than the CPI or whatever marker maybe you say it's 3%. Whatever it is, you can protect yourself from those numbers.