Thursday, July 26, 2018
Will a New Real Estate Asset Class Help Solve America's Impending Retirement Crisis? | Propmodo
Will a New Real Estate Asset Class Help Solve America's Impending Retirement Crisis? | Propmodo: Many seniors are “cash poor,” it is true, but a lot of them happen to be “house rich.” The bygone ideals of owning a house and paying off debt has left many of them with lots of equity in their homes, by some estimates over six trillion dollars worth. While not having a mortgage gives many seniors peace of mind, historically low bond yields and social security shortfalls�have left them without enough fixed income to support the rising cost of living.