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Yes, you are crazy wrong. Longterm investment yields 7% against all economic crises over two centuries. Do the sums on your life expectancy, compounding and future risks of state subsidy disappearing.

The only net present value alternative of merit is housing. Owning your own home has huge direct correlation to a healthy old age.

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Thanks.

> Longterm investment yields 7% against all economic crises over two centuries.

I wonder what that percentage would look like in comparison to people who spent all their money on a cheap mortgage free house, and bought 1 or 2 houses to let afterwards. Could be more than 7%? I know far too little about this stuff to express it in a number/percentage.

Over the last 25 years, property values have appreciated by around 7% in Australia. This might shock people who are used to seeing the spectacular price rises in metropolitan cities, but they're looking at a shorter window.

https://www.rba.gov.au/publications/bulletin/2015/sep/3.html

Owning property to let can be good or bad, depending on your goals. https://en.wikipedia.org/wiki/Peter_Rachman

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