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Citigroup Inc. Message Board

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  • longpickuptruck longpickuptruck Aug 30, 2010 6:53 PM Flag

    I am ready to give my home . . . .

    Being a home owner has its pluses and its minuses. Renting has its pluses and its minuses. When you measure both there is not too much difference in total costs. Biggest plus for owning is once you get it paid for and you are retired and on near fixed income, normally the yearly cost to live in your house is less than renting.
    Renting in retirement without a good income takes too great of a percentage of your retirement income, but you don't have to worry about repairs or taxes .
    I was shocked 2 weeks ago, agent from the assessors office was by to see if property is the same as last year. He stated the state/county is in big need of money, taxes are going up big time.

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