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Money and Finances
Reply to "Struggling to stay afloat. What can I do?"
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[quote=Anonymous][quote=Anonymous][b]But you own the house without debt, you could take out a mortgage (reverse mortgage) and free up some of that equity to pay off your monthly necessities.[/b] But yeah, selling the house and moving and renting/buying something more affordable would probably be the better option long-term if you don't expect your salary to increase or costs to decline in a few years. [/quote] That's exactly how senior citizens get conned out of paid off homes. [/quote]
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