Smug relative 30 years ago rents lovely house near the water for a highish but affordable rental. In law feels it a bit as he has a hike to the water and pays more.
Fast forward 30 years - in law on water , large holding outright ownership and smug relative in 2 bedroom duplex paying high rent and bitter with life -oft repeated saga.
One thing that also needs to be considered is the huge possibility that all this hard earned super renters are collecting will no longer be able to be withdrawn in a lump sum but will have to be converted to an annuity. If it does not happen this year it will happen some time soonish. No lump sum , no capital, and possibly a pension managed by fee grabbing / govt taxing bureaucrats that will be equivalent to todays old age pension.
