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Boosted by jwz:
NewtonMark@eigenmagic.net ("Mark Newton") wrote:
@franksting @ianb Selling a house on the north shore for $3 million yields enough cash to pay for $250 per night hotel rooms for 33 years. Maybe 25 years if you get a room service meal every night.
If you’re in your 70s you probably won’t live longer than that.
So you can live in four-to-five-star luxury with a concierge and silver service chef-prepared meals for the rest of your life.
I first made this observation when the SMH published a story about some old people complaining about how their sprawling Victorian-architecture house was decaying into ruin because they couldn’t afford to maintain it, and had to seal off all of it except for a bedroom, a sitting room, bathroom and kitchen because they couldn’t afford to heat it, because they were eking out a meagre existence on the full pension and didn’t want to sell their house because then they wouldn’t qualify.
And all I could think is that one simple transaction would relieve all that suffering, financial stress and self-imposed artificial poverty, and immeasurably improve their quality of life.
So easy.