I never understood why some people insist on owning property. Especially more than one. Never really able to afford it myself. The Army (UK) cushioned me for a while and then when I left, there was no way to get a mortgage. Maybe if I’d saved instead of enjoying myself. Too late now though.
Owning your home outright nearly gurantees you have the basic need of housing meet and that is by far the most expensive to meet in developed countries. Food, water, heating and electricity are not that expensive. That gives you quite a bit of security especially when you get older. The big problem is obviously to be able to afford buying a property in the first place, which is hard.
I never understood why some people insist on owning property. Especially more than one. Never really able to afford it myself. The Army (UK) cushioned me for a while and then when I left, there was no way to get a mortgage. Maybe if I’d saved instead of enjoying myself. Too late now though.
Owning your home outright nearly gurantees you have the basic need of housing meet and that is by far the most expensive to meet in developed countries. Food, water, heating and electricity are not that expensive. That gives you quite a bit of security especially when you get older. The big problem is obviously to be able to afford buying a property in the first place, which is hard.
About that food, water, heating and electricity not being that expensive. I’m afraid that won’t be so true in the future. UK is leading here.
‘Food, water, heating and electricity are not that expensive’
Should have mentioned I’m in UK. That sentence doesn’t apply anymore.