Alexandoy
VIP Contributor
The home is the first priority in retirement because it is risky to be renting a home when you have no more job. I know that some pensions can handle the rent but you have to take note of the dwindling value of money. A pensioner after 10 years would lose about 30% of the value of his pension. That is why renting a home for a retired person is not a good idea.
In my case my plan is to settle in the countryside with a simple but decent home of maybe 2 bedrooms only. But I would like to have at least a hectare of land so that I can enjoy my gardening. I love plants and trees and it would be paradise to have a big space for that in my retirement home. We also have a list of needs like little luxuries because we love to travel. Since our nest egg would not be earning anymore so we have to be strict with our spending. By the way, our present home in the suburban town can be rented out to augment our daily budget. And when things go bad we can probably sell our home for at least $100,000 which is big money here.
In my case my plan is to settle in the countryside with a simple but decent home of maybe 2 bedrooms only. But I would like to have at least a hectare of land so that I can enjoy my gardening. I love plants and trees and it would be paradise to have a big space for that in my retirement home. We also have a list of needs like little luxuries because we love to travel. Since our nest egg would not be earning anymore so we have to be strict with our spending. By the way, our present home in the suburban town can be rented out to augment our daily budget. And when things go bad we can probably sell our home for at least $100,000 which is big money here.