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Millennials own less than half the real estate wealth of boomers—can they catch up? (creditnews.com)

submitted 2 years ago by RealWarrenBuffett@lemm.ee to c/news@lemmy.world

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[–] andrewta@lemmy.world 3 points 2 years ago (1 child)

Never understood why anyone would agree to a reverse mortgage. Unless they really do not want their kids to have the house for some reason.

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[–] Riven@lemmy.dbzer0.com 4 points 2 years ago

I can see it working if you have nobody in your life. For example, I have no kids and zero interest in my POS extended family that I've cut off amyways. If I could afford a house now I would legit consider a reverse mortgage when I'm older for extra income.

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