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That sounds fine but my point still stands. Even with tax reassessment after a loan they've come out way ahead. The strategy isn't unique to California.
by rcpt 8y ago
That sounds fine but my point still stands.
Even with tax reassessment after a loan they've come out way ahead. The strategy isn't unique to California.
- jelliclesfarm 8y agoYou are making an assumption that people would want to borrow against primary dwelling. Debt and loans are not always attractive to everyone. Especially if they are older and retired. They are likely to get a reverse mortgage if they have no income or if they are on fixed income. And that’s a risky strategy to many.