Again that is why you state is bankrupt. You and your fellow residents disagree. What are you going to do about it?
It?s not about getting fucked it is about accepting getting older. My two oldest kids moved out a couple of years ago to go to school and start their own family. It made me sad for a long time, but it was time for them to move on and become adults. I have accepted it as it is a natural part of life and getting older. I don?t understand why you have such a hard time accepting it. The other way to look at it is how fortunate your mom is she can retire a millionaire and move someplace that is a short plane ride to SF so you can visit her often.
BTW The reverse mortgage works the same way the bank wouldn?t get the entire value of the home just what you mom took out of it in equity.
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Originally Posted by Meloman
So it sounds like what everyone is saying is getting royally fucked when you're old is just part of life, so tough just deal with it.
Or they should sell off, move away, leave all there family and friends behind and live the good life all by themselves but with more money.
Or take a huge reverse loan and the bank takes the home after death. Sorry no inheritance for any children, the bank has the home now.
Btw, my moms 1 million dollar home is barely 1200 square feet in a working class neighborhood. She's 70 and is able to take care of it no prob. it's not that big.
Sorry I disagree with most points in this thread.
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