Once Retired. Rent or Own?

[Teresa T]

Thank you lady in the shoe. Very informative post! As an RN, believe me, I have seen people on medical get the best care without it costing them a dime! I'm worried when I retire as it will just be myself and a limited income. I have no retirement plan where I work.

I'm afraid of getting into another money pit. I can live frugally but could I afford a new roof on a manufactured home once retired? The answer seems to be closer to no.

I'm a bit stuck in my though process and will have to decide what to do. Seven years in that house was a nightmare.

Checking if they allow kids is a really good idea. I know they often cannot discriminate against kids but if all the apartments are one bedroom then children would be unlikely.

I feel I may be better off and have less stress if I stay a renter.

Thanks again so much for your very informative post.

[banana]

We plan on staying in our home until 62 then going into a senior building. Rent is based on your income.

[frugalfranny]

ANOTHER REALLY OLD POST.............

But some interesting reading...........

Only thing I would add............if the whole complex is a 'no pets complex' then they can deny pets---senior or not..........with the exception of service animals....in this area anyway.