Australia housing bubble

[Bossxr8]

Originally Posted by leesa

That's a nice notion but it probably won't happen like that. Your house will more likely be sold to pay for your stay in a nursing home when you're no longer able to take care of yourself at home.
Unless you die suddenly or maintain your faculties long enough that you won't need someone to care for you, your power of attorney will probably sell your house to pay for your care until your end of life, which usually costs hundreds of thousands of dollars.

That’s ok. The house will probably be worth $3 million by then due to inflation and the rising house prices, so my kids still get a good pay day