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Real Estate
The Real Estate Adviser |
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July 18, 2002
Reverse mortgages gain favor as stocks slump
By TOM KELLY
The Real Estate Advisor
The Real Estate Advisor
“You get used to living a certain way,’’ said Luther Sitton, 79. “And the dollars simply haven’t been there for me lately to live that way.’’
Sitton, who likes to spend his summers on bicycle trips with riders half his age, is pondering ways to produce more income now that some of his stocks have turned sour and his certificates of deposit are hard-pressed to earn 4 percent.
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Previous columns:
- Income from part-time rental comes tax-free, 07-11-2002
- Co-op units still rare in the West, 07-05-2002
- Crime doesn't pay when selling a home, 06-27-2002
- The world according to Trump, 06-20-2002
- Lessons in customer service, 06-13-2002
- Seniors can get help with repairs, 06-06-2002
- WaMu's new loan offers flexibility, 05-30-2002
- New home agents often left out in the cold, 05-23-2002