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Unformatted text preview: -Home equity conversions and reverse mortgages can provide income for those who want to age in place Mobile Homes-90% of the people of the age of 50 own their own units (half of the people)-Many live in mobile home parks in Florida and California-Doublewides are growing in popularity with an average price of $37,000 in 1992, recently prices have dramatically increased due to inflation Home rental-Renters dont pay property taxes or maintenance but are subject to inflation and to enforced living conditions than home owners-There is a huge income difference between home owners and renters: 21gs vs. 10gs-Affordable housing for older adults is difficult to find, (renters)-...
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- Spring '08