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20 YearsHelping You Live Richer

Reviewedby Experts

Trusted byMillions of Readers

Homeownership has long been the quintessential American dream.

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It symbolizes stability, success and a sense of belonging.

For some, the hurdle may be financial especially with the steadily rising costs of housing.

GOBankingRates interviewed Adam about his decisionnot to own a home as hes nearing retirement.

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I live in a small one-bedroom apartment by myself, and Im enjoying life.

Thats a few thousand dollars a month right there!

Ive lived in Florida before, and I loved it.

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I dont regret not owning a home, he shared.

I know this sounds cliche, but the world is my home.

However, embracing the nomadic lifestyle and renting does have its trade-offs.

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Despite all this, Adam insists he has no regrets.

Renting vs.