What happens if you don't own property when you retire?

If you don't own property when you retire, you may face higher housing costs, as you'll likely need to rent, which can consume a significant portion of your retirement income. This can limit your financial flexibility and reduce your disposable income for other expenses. Additionally, without property assets, you may miss out on potential equity growth and the long-term stability that homeownership can provide. It's essential to plan for these factors to ensure a comfortable retirement.