Majority Say They Want To Own A Home In Retirement
Posted by Heather Hudson on
The vast majority of surveyed Americans say that homeownership is among their retirement goals, according to a recent survey. In fact, 85 percent of non-retiree respondents said they want to own their own home in retirement and believe they can pay off their mortgage before they retire. But, though non-retiree participants feel like they'll have their mortgage paid off in time, more than 25 percent of retired respondents said they're still paying off a mortgage and over half of those had a balance of more than $50,000. In short, Americans may be a bit too optimistic. But regardless of whether or not they make it, the debate about home ownership and retirement will continue. On the one hand, tax breaks and equity make a good case for the wealth-building…
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