Without an adequate retirement nest egg I often wonder how my dotage will play out.
Early life decisions have seen me without my own home and have me renting my whole life.
Currently the average rent in Perth for an apartment is $450 a week.
My rent is $225 a week. So I am doing okay on that front.
The problem arises when the current owner of my unit passes away - he is about 85 - and the units are passed onto his son.
What will he do?
I am not sure if he will sell, though he may raise the rent. I am fooling myself if I think I will be able to stay here until I too pass away. That could be anywhere from tomorrow or 30 years.
I am not stressing about it, just musing over my future.
One thing that is happening right now is that homelessness in growing at a rapid rate here in Perth.
Be it through landlords selling their places and the new owners moving in.
Tenants losing employment and being unable to afford their rent.
Landlords raising the rent by up to 40%. Why would a landlord raise the rent $150/$200 a week?
Many people are reduced to living in their cars, whole families.
This makes me extremely sad and angry.
I do not know what I would do if I once again became homeless.
Maybe I would simply disappear.
Currently the average rent in Perth for an apartment is $450 a week.
My rent is $225 a week. So I am doing okay on that front.
The problem arises when the current owner of my unit passes away - he is about 85 - and the units are passed onto his son.
What will he do?
I am not sure if he will sell, though he may raise the rent. I am fooling myself if I think I will be able to stay here until I too pass away. That could be anywhere from tomorrow or 30 years.
I am not stressing about it, just musing over my future.
One thing that is happening right now is that homelessness in growing at a rapid rate here in Perth.
Be it through landlords selling their places and the new owners moving in.
Tenants losing employment and being unable to afford their rent.
Landlords raising the rent by up to 40%. Why would a landlord raise the rent $150/$200 a week?
Many people are reduced to living in their cars, whole families.
This makes me extremely sad and angry.
I do not know what I would do if I once again became homeless.
Maybe I would simply disappear.
