An op-ed in The New York Times recently argued that the housing crisis is also a retirement crisis, in which homeownership, traditionally relied on to pay for retirement, can no longer be counted on.
As retirees continue to deal with taxes, insurance, maintenance, and downsizing costs, which all keep climbing, the idea of a home that is paid off is no longer a secure way to retire.
Gee Scott and Ursula Reutin, co-hosts of “The Gee and Ursula Show” on KIRO Newsradio, emphasized the financial strain of buying a home in King County, whether the buyer is young or old, and questioned whether they should be pulling for record home prices or be happy to see a dip…