The High-Class Problem That Comes With Home Equity

Investment Analysis Clubs Macro Economic Trends and Risks
1

… if you need to fund your retirement with a reverse mortgage, expect to double up on “the skim” {{ LOL }}

{{ There is, of course, entrepreneurial ingenuity at work. A fair bit of it is focused on getting people (of any age) to hand over some of the future gains in their home’s value to a start-up in exchange for cash now.

Companies like HomePace, Hometap, Point, Unison and Unlock are already at it. Their calculators may take your breath away when you see how big of a cut they could get in a decade. }}

intercst

2 Likes
2

I’ve always been leery about these types of swaps like give us your house later and we’ll give you money now (reverse mortgage) and give us your money now and we’ll give you a guaranteed payout later (annuity). I understand they work for some people some of the time, but it has been my general experience that nobody looks out for my interests better than I do.

5 Likes