Honestly I think there is a window of opportunity here where, if you accept (far) less than market rate, that is feasible, right now. Before they find out.
its real. I have been trying for a decade to get my boomer parents to recognize that there won't be a big alarm announcing the time to convert their home equity in a dangerous disaster zone into home equity in a safe, decent area. that the door to get out will one day be locked and they won't know until they try to open it and realize they are trapped.
they don't care. they see Zillow estimates and think they can just take a check for that whenever they want.
Honestly I think there is a window of opportunity here where, if you accept (far) less than market rate, that is feasible, right now. Before they find out.
its real. I have been trying for a decade to get my boomer parents to recognize that there won't be a big alarm announcing the time to convert their home equity in a dangerous disaster zone into home equity in a safe, decent area. that the door to get out will one day be locked and they won't know until they try to open it and realize they are trapped.
they don't care. they see Zillow estimates and think they can just take a check for that whenever they want.