We live in a house now and plan to try to sell it. Doubtful that a second mortgage will be possible for a long while. Renting a house seems to be the only option because we don't want an apartment with neighbors that close. Of course, in the future we could try to get a house through another mortgage.
Obviously, there is usually a one-year lease for renting a house. If you hated the neighbors due to noise or them acting strange or whatever and it was causing problems, you could leave without having to worry about selling a house. But at the same time, you don't own anything and are helping the owner pay off their housing. Plus, they can apparently up and decide that you need to move because they don't want to rent anymore or they want to sell the house.
What else?
Added (1). Note that we're basically living 10-15 minutes from Atlanta, Georgia and we're planning to move further out into a rural area to find a house to rent. Am I correct in thinking that the rent may be a little lower in rural areas?
Read more: What are the pros and cons of renting a house?
