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California

Marthe48

(19,061 posts)

8. I know of a few people who did the reverse mortgage

Reply to SWBTATTReg (Reply #5)

Tue Feb 14, 2023, 05:42 PM

Feb 2023

they don't have anyone to leave their property to. I think someone on DU just wrote about their experience.

I worried that people would sell their homes during the last bubble, and then be unable to find another place to live. We bought this house in 1989. When we bought it, we were the kids on the block, now I am the old lady up the street :/

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Highlight:

The fastest-growing homeless population? Seniors. [View all] Auggie Feb 2023 OP

A vast, teeming retirement community called skid row keithbvadu2 Feb 2023 #1

Thanks for sharing Auggie Feb 2023 #3

My house is paid off Marthe48 Feb 2023 #2

Singles tax just by living alone keithbvadu2 Feb 2023 #4

Is this about the renters? Marthe48 Feb 2023 #6

Renters/owners both being hammered by higher expenses. keithbvadu2 Feb 2023 #7

The county auditor raised property taxes Marthe48 Feb 2023 #9

That was the impetus behind Prop. 13 Retrograde Feb 2023 #12

LOC Line Of Credit (fyi for those didn't know what this stood for). Thanks Marthat48 SWBTATTReg Feb 2023 #5

I know of a few people who did the reverse mortgage Marthe48 Feb 2023 #8

That is a danger, indeed. There is also a concern that seniors, owning their homes outright, SWBTATTReg Feb 2023 #10

Keep allowing investors to gobble up properties & raise rents & it will only get worse SheltieLover Feb 2023 #11

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