Quote:
Originally Posted by tc-sacto
Reverse mortgages are not good for depressed areas with little capital appreciation potential. You would only destroy family wealth if the property couldn't appreciate as fast as the loan compounded.
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this would seem to support my statement and be in conflict with the rest of your post. can you explain?
btw, the US r/e market is a 'depressed area with little capital appreciation potential'. and i agree, family wealth is being destroyed by reverse mtgs.