n Personal Finance Newsletter - Retired? Do you need a house? : property




Extracted from text ... Moneyweb's PERSONAL FINANCE CONVENTIONAL wisdom states that everyone should aspire to owning their own home, and to have it paid off by the time you retire. For most people, this is good advice. But let us not kid ourselves - home-ownership is an expensive exercise by the time you take into account electricity and water, rates and taxes, and ongoing mainte- PROPERTY Retired? Do you really need a house? I was dead keen on the idea of home-ownership, until a recent caravanning holiday made me think otherwise. By STEVEN JONES nance. If you have a swimming pool, this maintenance extends ..


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