Tag: home equity
The house serves as a major savings mechanism as well as a source of shelter and security. Somebody breezed into my office last week convinced that people are making a serious mistake by investing their money in a house. She pointed to the low long-run return on the Case-Shiller house price index and concluded that…
But the step-up in basis at death for income taxation acts as a disincentive. As you know, I’m convinced that many of today’s workers are at risk of having insufficient resources in retirement. The reason for this gloomy picture is a rapidly changing retirement landscape defined by a rising Social Security retirement age, a shar…
