Yes that is a good point. These low interest rates may appear good for those with a mortgage but for those trying to live off income being dervied from a capital base (that they have built over their working lives) its making things very hard.
This calculator shows you just how much one needs to retire on based certain assumptions...I think this will be a scary conversation for many in the years ahead I am afraid :/
http://www.financialactuality.com/fiplanner
Given current rent levels, I agree you would probably want at least 3 or 4 properties all with no debt outstanding..no easy task.
- Forums
- Property
- The property market is completely bonkers
The property market is completely bonkers, page-40
-
- There are more pages in this discussion • 203 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)