I keep hearing how it's more Foolish to rent thanto own during early retirement, but I'm having ahard time rationalizing this.If you rent, you're paying a monthly fee that isnot tax deductible and the rent often increases ata rate faster than inflation.If you own (read: pay a mortgage), that monthly expense is largely tax deductible and, if you havea fixed rate mortgage, immune to inflation.Yes, there are other expenses a homeowner must pay,such as property tax (again, deductible), property insurance, and maintenance. Utilities are usuallymore expensive for a home as well. But these expenses seem to pale compared to the tax deductibility, not to mention the quality of lifeupgrade a home seems to offer.Later, when the home is sold, its value will haveappreciated, and the owner's equity in it will have grown. This could more than offset the expenses associated with selling it.So other than portability, what are the advantagesto renting?
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