Reaching retirement age without the security of home ownership is irresponsible. The senior citizen who has paid rent for 30 years has still bought property—for the landlord. Tenants have no long-term security. They can be asked to leave a property at any time. Landlords may fail to make repairs or control noxious neighbours. Home ownership is the surest kind of nest-egg. People are living longer. Security of place is basic to a comfortable old age.
