"According to a 2016 Freddie Mac survey of boomers, the majority of those 55 and older plan to stay in their homes during retirement. Among those who plan to move, one in five say they will sell their home and buy a new one, while one in 10 say they will sell their home and rent when they move. Data from TenantCloud, a property management software service, shows that nearly one-third of all urban applications are for renters over age 60."
"Some decide to rent to get the services and lifestyle they want, especially if they have enough assets to throw off enough income to pay the rent."
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Author: Michele Lerner, Special to The Washington Post