Sale leasebacks, ahh vocabulary

A

amberpower

New member
Joined
Dec 18, 2007
Messages
0
Reaction score
0
CNBC is talking about Great Britain allowing people to sell them their houses and they can rent them back, i.e., sale leasebacks.

Made me laugh, first time I have ever heard this "vocab word" used in real life.

Maybe some of you use it way more than I do, but it struck me funny.
 
there's a commercial running on tv featuring couples in their late years, happy considering that their houses are now paying for their expenses:)) pretty stupid:))
 
This is also known as a reverse mortgage. A shop I was at for a bit praised this tactic as the new annuity. Sell your home to the institution as an annuity and hope you don't outlive the length of payments.
 
Guess if someone/couple is desparate to retire and don't care about passing their wealth onward, this is not an awful idea.
 
You must log in or register to reply here.
Back
Top