12-15-2006, 09:42 AM
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#32
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Senior Member
Join Date: Apr 2004
Posts: 295
Thanks: 74
Thanked 52 Times in 25 Posts
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Only in America
Quote:
Originally Posted by Merrymeeting
Sorry ITD. Your argument breaks down when you consider accessable, actual cash. Most in FLL's position hope to NEVER cash in on that wealth. They'd quickly give up those paper gains for the opportunity to stay on the land that may have been in the family for generations.
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Only in America can we complain that our “investment” has done well. There are plenty of options open to FL and your parenst from reverse mortgages, donating his/thier home to Massachusetts etc….. That will allow him to live out his days without having to worry about the bills.
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