When most of us think about downsizing, we think of selling the family home and using the proceeds to buy a smaller home. Hopefully there is some cash left over. Some people are re-thinking that strategy, opting not to tie up all that cash or be locked into one location. Renting creates options for retirees, such as the flexibility of living in different areas as their priorities change, having money to travel with, and supplementing income through retirement. Renting is also a great option when moving to an unfamiliar area. Renting also gives you time to research various communities and housing options before making a purchase.