4 ms·
So what happens to people when they are old , and maybe they're pension isn't that good ?
by petra 10y ago
So what happens to people when they are old , and maybe they're pension isn't that good ?
- pjmlp 10y agoSadly they might land in the streets, if they don't have a family to support them. But this can also happen if you own a house, because there are running expenses for municipal taxes, validating the plumbing every X years, renewal of the boiler system before every winter starts, cleaning the snow or paying someone to do it....
- dnissley 10y agoTrue, but then you can sell it and potentially have enough money to live out the rest of your days (or a significant portion of them). There was a comment I read here recently about how a mortgage is in some ways a vehicle for forced savings. Not enough to retire on alone of course, but a big check if you ever need it.
- pjmlp 10y agoThe problem is that you need someone willing to buy it, and I can tell you that in the last couple of years that has been a very big issue to Portuguese and Spanish families, which cannot find any buyers.