Re: The cost of growing old
There is a real need for more single bedroomed accommodation as the numbers of 'oldies' in our population rises.
I know many 'oldies' who want to downsize, but they can find none at a price they can afford.
This luxury apartment trend will just milk any 'inheritance money' from those fortunate enough to have some.
What we really need is more small 'social housing' at reasonable rent - the oldies can move out of family sized housing - ie building small housing units will free up the bigger ones.
I was an owner occupier for most of my lifetime and recall being appalled at the thought of ever being a tenant. Now that I am, I realise that it has many many advantages, especially for us oldies.
Good quality later life depends a great deal on having housing which makes fewer demands on you physically(ie smaller/no stairs), and in a location which is reasonably quiet, with good public transport access.
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