DETROIT: More baby boomers are starting to return to renting after years of living in their own homes. According to data released today, renting increased for adults between ages 50 and 75 from 2004 to 2013.
So, why are boomers returning to renting? Here are a few reasons:
5. They want to avoid having to sell later on.
Selling a home once is stressful enough, which is why purchasing another you’ll have to sell again can be a major disincentive for boomers. If you aren’t keen on the idea of selling again in the future, renting may be your best bet.