Any retirees who plan to be forever renters?
So much of the retirement advice I read or see on YT preaches the idea of paying off your home. The idea being that owning a paid-off home eliminates the largest non-discretionary expense in retirement.
However my spouse and I currently rent, and plan to continue renting in retirement (will be retiring within the next couple of years). We owned a home for many years before downsizing to an apartment, and we both enjoy the flexibility, location, and lack of maintenance and surprise costs that comes with renting.
I know there are pros to owning a home outright but I think some of the cons, especially as I get older, are often glossed over. Any other forever renters out there, and if so what have been the pros/cons in your experience so far?