Quote:
Originally Posted by Johnny199r
I wouldn't go that far, but seniors who cry poverty living in a single detached home is annoying when they could sell the home and rent an apartment (and invest, generating income for retirement) quite comfortably with the proceeds.
Obviously, some of them refuse to consider that.
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Such a strange story for CTV/Global to run with.
Anyways, it seems financial literacy is exceedingly rare. She probably doesn't know how to invest and generate income, or what she was doing when she took out a HELOC. Probably trusted her banker teller saying that she's richer than she thinks.