Scarier than Betting the Horses......

Originally Posted by boldruler

People should want their parents to live a good life anyone instead of scraping by so they can get a bigger inheritance. The issue though facing older americans is health care. Drug costs alone can eat up the interest people collect on the money they put away from the reverse mortgage. People just live too long today, and that is why the reverse mortgage will become the norm in the future.

reverse ortgages will be the norm in the future.

funny , when i was growing up credit was viewed as a vice.
owning your home outright and passing it along to your relatives was considered the way to generate wealth across the generations. now the degenrationxers have somehow convinced themselves that borrowing is a good thing.

no it is not.