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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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November 1, 2001

Time to rethink housing

  • These days it's not socially unacceptable to buy down -- forced or not -- or to rethink your housing wants and needs.
    • By TOM KELLY
    The Real Estate Advisor

    Supplemental income doesn't always come in the form of a second job. These days it can mean living off your home equity - literally.

    For example, one reader who recently lost his mid-management position quickly tired of the 45-minute commute to a construction job that is paying him an hourly wage. He decided to cut expenses and create more money to live on by selling his home, paying off some debts, sticking the proceeds in a certificate of deposit at the bank, and renting.


     
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