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Is this really a new idea? I remember reading about this 10+ years ago and have heard it multiple times.
I would ponder doing something like this in retirement on cheap land. However, reverse mortgages would accomplish almost the same thing if the goal is to free up capital. The only advantage this would have is lower utility costs, taxes, etc.
At some point I'll learn more about reverse mortgages, but I'm still several years away from that.
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Active fan of the greatest team in NFL history.
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