Real Estate: Stick to the Long-Term Plan!

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggT0wd5LuZzzmdhyphenhyphenwv-RyIOHEK8M8tS64EoJWOquOWNyELxJuiYSgTEx0P20J3BF9aTZVw_vgywznYMa96vrn2Xf1oZsIHbnTfUdghJQbpKFIoj6ZxFhFkaMXEfy7OoZblf3SwrzLneN4/s1600/Home+Equity+vs.+Real+Estate+Assets.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggT0wd5LuZzzmdhyphenhyphenwv-RyIOHEK8M8tS64EoJWOquOWNyELxJuiYSgTEx0P20J3BF9aTZVw_vgywznYMa96vrn2Xf1oZsIHbnTfUdghJQbpKFIoj6ZxFhFkaMXEfy7OoZblf3SwrzLneN4/s320/Home+Equity+vs.+Real+Estate+Assets.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />Reverse mortgages! Don't fail me now!<br /><br /><b>March 9, 2008</b><br /><a href="http://www.npr.org/templates/story/story.php?storyId=87994065">Some Seniors Victimized in Reverse Mortgage Boom</a><br /><br /><div style="color: #666666;"><i>The growth in these mortgages has skyrocketed in recent years. According to a 2007 report from the Department of Housing and Urban Development, the number of reverse mortgages grew from nearly 8,000 in 2001 to more than 107,000 last year. The average loan amount grew 80 percent to $138,700 during the same time period, a 2007 report from the AARP Public Policy Institute found.</i></div><br /><b>December 12, 2012</b><br /><a href="http://www.bizjournals.com/sacramento/print-edition/2012/12/21/full-speed-ahead-reverse-mortgage.html?page=all">It’s full-speed ahead for reverse-mortgage industry</a><br /><br /><div style="color: #666666;"><i>Borrowers also are increasingly likely to use reverse mortgages for other purposes than daily living expenses. Many are paying off a traditional mortgage in order to retire early.</i></div><br />Fantastic!<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=lK6">St. Louis Fed: Custom Chart</a>

Real Estate: Stick to the Long-Term Plan!

Click to enlarge. Reverse mortgages! Don't fail me now! March 9, 2008 Some Seniors Victimized in Reverse Mortgage Boom The growth in the...

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