Tag: homeowners
Older people on both sides of the pond want to leave their house to their children. I sat next to a Brit the other day. At one moment, the discussion was focused on insuring against long-term care needs and the advantages of using the house as a source of retirement income. The next moment t…
Abstract The lore on whether older Americans move is mixed. While the familiar stereotype is that retirees flock to Florida or Arizona, prior studies have found that their home equity rises modestly over time, suggesting that they tend to stay put. This paper examines moving trends, determinants, and consequences using the original cohort of t…
