Columnist Scott Burns tackles the conversation of when to move out of your home.
Excerpt from his article:
“Sadly, few people understand that where you live can literally be a life-or-death decision. The problem is that we freeze up as we get older. In decades of reader letters, I’ve seen the greatest error people make is being tied to their homes, even if it kills them. That’s where Rick Hunsicker comes in. Over the course of 90 minutes, he walks us through the real costs of owning a house. Then he adds the invisible cost of owning a house when you no longer have a mortgage — what economists call the “imputed income” from not having to pay rent. He points out that while your house may be your biggest asset, it is also a major point of vulnerability, subject to repairs and big-ticket replacement costs.”

Read more of the article here.