I agree with this. If you just see a property as somewhere to live and not an investment, generally within 30 or 40 years you will have no actual housing costs. This in most cases will far outweigh most pensions. Furthermore nor should your offspring
So no bills or council tax or maintenance?
I guess you wou would have bills or council tax whether you rented or bought. So I don't include those in housing costs, just a tax on, well being alive really. Maintenance you have a point, but I would reckon that is very small compared to the cost of renting. If I had spent £10,000 in the last 8 years, and thats a guess at the extreme high end, that still only comes out at about £100 per month. We could of course, if times got difficult, not decorate so much, or do so much in the garden. In fact if we wanted to we could just replace what broke. I reckon that would be about £200 a year.
So I suppose in our case I should amend that to say our housing costs would be a fiver a week