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As you suggest inflation would significantly reduce your available buying power.

That said I'd guess you could live pretty cheaply if you owned your house outright and were frugal.

You can have a house for renting. There's all kind of renting options, some of them are more economic viable, for example, tourist renting gives you a lot more money than permanent one and you can make for a decent living even buy a new house if you do it well, but of course, this only happens if you are in a popular tourist destination.

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