If you plan to stay in the same place for the next 20 to 30 years, then buying is a good option. You won’t have to worry about landlords increasing rent or potentially asking you to move. When the time comes that you can no longer live independently due to age, you can sell the property and use the proceeds to cover your nursing care. By then, assuming the property has appreciated in value due to its location, you’ll likely have made a good profit.