4 ms·
Hm, I've never thought of it this way, but you're entirely right. This explains why many struggling families can "get" "reverse mortgages" in which they sell t
by cryoshon 11y ago
Hm, I've never thought of it this way, but you're entirely right.
This explains why many struggling families can "get" "reverse mortgages" in which they sell their earned equity back to the bank that has always owned the majority share. Until they have sold all their shares, and are evicted, that is.
- toomuchtodo 11y agoIndeed. Being a mortgagee is simply a renter by another name, with tax breaks.