2 ms·
fortunately there is a financial instrument for exactly this situation: the reverse mortgage. it's kind of absurd to treat the quintupling in value of one's hom
by leetcrew 6y ago
fortunately there is a financial instrument for exactly this situation: the reverse mortgage. it's kind of absurd to treat the quintupling in value of one's home as some sort of hardship.
- mehrdadn 6y agoUnfortunately even the intro on Wikipedia explains some problems with reverse mortgages. Not to mention that it's kind of a lot to force, idk, 80-year-olds to take out reverse mortgages just so they can keep living in homes they've already paid for and own. Though I guess it's not surprising if people half their age don't care about their burden.
- leetcrew 6y agomaybe I'm being insensitive, but it sounds like a problem I would absolutely love to have.