Renting is fine if you are disciplined enough to save and...

Renting is fine if you are disciplined enough to save and invest.

But as 90% of retirees rely on Centrelink, this suggests that good old hedonism is still very much alive and well.

If nothing else having a mortage forces you to pay off an assett, as opposed to renting when you are free to burn as much cash as you desire.

Still, each to their own I guess...