LAS VEGAS: An executive director of a retirement community association is currently doing the rounds of the country talking up the benefits of upfronting a sizable portion of an individual’s net worth in return for the nebulous promise of a lifetime home.
But implying that an equity release provides a ‘spectacular’ incentive for people to move into retirement community is misleading.
An equity release (in all of its myriad forms) is principally driven by the need for cash and when rental housing options become more available in the market, the association will start to realize how multilaned the retirement community bypass is…