By Scott Neuman
This story was originally produced by WLRN, South Florida’s only public radio station at 91.3 FM, as part of a content sharing partnership with Miami’s Community News. Read more at WLRN.org.
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At 69, Norman Schenck is preparing to retire. He and his wife, Lorie Schenck, 67, live in a Detroit suburb and are hoping to relocate to central Ohio to be closer to their grandchildren.
For about the past two decades in Michigan, they’ve been renting a condo. But in this new chapter of their lives, they’re facing a huge decision: Do they put a big chunk of their retirement down to buy a house in the new location, or continue to rent?…