House Rich but Nest Egg Poor? Use Your Home Equity
January 13, 2009 by MJP
Filed under Downsizing, Investing for Retirement
In the last two years, many American consumers have personally experienced being house rich but cash poor. In other words, they occupy (and have title to) a house that may be worth a lot of money, but the mortgage, taxes, insurance, and maintenance costs eat up 50% or more of their income.
The dilemma that some baby boomers have is that they are house rich but nest egg poor. Read more
