Hey Bundy ,One of the most important aspects that seems to be...

Hey Bundy ,

One of the most important aspects that seems to be never mentioned is property's role when you are retired .

It's one thing to rent and use your money for other things , i.e. investments , during your working life . After all , part of the reason we work is to make sure that we retire comfortably .

So with that in mind , when you're retired , most people will have a limited income and therefore need to really control costs .
That's where home ownership comes in .

Sure , you might need to sacrifice in the early years and yes , dollar for dollar , there could have been better investments ( with the benefit of hindsight ) . But , at the end of the day , if you bought and paid off a house ( or two ) early on , then that's one crucial part of your retirement strategy that you've locked in early .

Regardless of how well ( or poorly ) your investments have gone , you still own a house . So , even on a pension , you will at least be reasonably comfortable in your later years because you sacrificed a bit early on .

Talk to any older person that is renting and on the pension . It ain't fun .