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RE: How Much to Retire?

in LeoFinance10 months ago

Plenty of old ladies here in Adelaide. Her husband built a house with his own hands 50 years ago, on the outer edge of the city.
Now it's in the inner suburbs and the local council values the property at several million dollars, and charges rates accordingly.
They're essentially destroyed financially. They're too wealthy to draw a pension, and have no income to pay the rates. Their husband died 20 years ago, and their only real option is to sell up and move into a nursing home.
It's disgusting how we treat the widows of the men who built this place.