Photo: Getty Images / FileDivorce, unexpected financial shocks, illness and sky-high house prices are leaving more older Kiwis renting in their retirement, with new research highlighting the challenges they face. Snapshots of why they lost their homes include:"We sold (the house) to put money into the shop, then we went bankrupt.The worst thing I ever did was to sell the house" - Dougal, 68. Yet they aren't alone with home ownership rates falling among older Kiwis. Thirty years ago landlords may have preferred older renters as those likely to take care of their rentals, she said. She said it was needed because the toll could be greater on those who lost their house later in life.

Source: Otago Daily Times August 03, 2021 17:48 UTC