Recently on a road trip with my dad we explored some sound old towns from his home of origin and looked at some of the old properties there.
The surprisingly low cost on some of the sections made me realise that a small, comfortable freehold retirement could be achievable for as little as 63k.
The cost of a section is around 45k. The cost of a caravan could be 5k. The cost of a connection to the grid and water mains might be achievable for around 12k. Allow 1k for second hand furnishings and you have a lifestyle.
Why aren’t more kiwis thinking like this? Freehold lands and campervans are two assets that don’t tend to go down in value.
I feel that millennial culture has become too avaricious. A part of this stems from fears of having an inadequate nest egg in retirement, and insufficient income to cope with inflation. But the key with retirement is not to over think it.