I’m a landlord. A couple of years ago I started getting panicked calls from former renters who wanted to know if I had anything...ANYTHING available. They had all upgraded to larger, better homes over the years. Suddenly, the market had changed, and their new rental homes were sold out from under them. Most leases go month-to-month after the first year. So, there’s no assurance you won’t be thrown out with just thirty days’ notice. Even if you have a lease, it’s still possible for the owner to sell the home, either because of a clause in the lease or because suing to enforce a contract is very, very expensive. Renters don’t generally have the wherewithal. (These sudden market shifts seem to be on an eight-year cycle.)
If you can own a home, it’s better to do so.
Also, I’ve known several people who moved from a home into some sort of retirement or assisted living. No good stories there, either. If you can remain in your own home and have assistance, come in, you’re much better off.
I am in the process of building a tiny home next to my house.
The plan is to have someone live next to me who can help when I can no longer take care of myself.