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Is renting a bad idea when you retire?
In the past 20 years, homeownership among retirees has dropped from 80 percent to 74 percent. Although renting in retirement may look like a sensible option for retirees, but one thing that many of them overlook is the prospect of landlords raising the rents. In a recent report shows that the average rents have increased in some places around four percent and other areas even higher. LaToya Scott explains why Suze Orman is warning retirees of the hidden danger of renting in retirement. Read Ms. Scott’s article here…
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