Owning your home outright nearly gurantees you have the basic need of housing meet and that is by far the most expensive to meet in developed countries. Food, water, heating and electricity are not that expensive. That gives you quite a bit of security especially when you get older. The big problem is obviously to be able to afford buying a property in the first place, which is hard.
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Owning your home outright nearly gurantees you have the basic need of housing meet and that is by far the most expensive to meet in developed countries. Food, water, heating and electricity are not that expensive. That gives you quite a bit of security especially when you get older. The big problem is obviously to be able to afford buying a property in the first place, which is hard.
About that food, water, heating and electricity not being that expensive. I’m afraid that won’t be so true in the future. UK is leading here.
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