We will be renting our next home, and will probably never look back at being homeowners. My husband and I are both fine with that, and the following article discusses what I’ve read elsewhere about renting. http://www.forbes.com/2009/10/23/real-estate-advisor-personal-finance-high-end-rentals.html?partner=email
Given the housing market in our area we could rent two places for what we’re paying in mortgage. We plan to move out of Stockton, Ca, about 30 minutes away to a lovely community and rent for just a little over half of what we pay on our mortgage now. Maybe we’ll even be able to have some money to retire with. There’s a novel idea.