And yet many are surviving.

There is a case where the surviving (and non-borrowing) spouse could face foreclosure if they can't pay off the reverse mortgage upon the death of the borrowing spouse.

My observation is that the big reason why vacancy is high in some properties is because of management issues (absentee/out of state, poor business skills, spouse dies and surviving spouse is over his or her head, etc.) or because the property and units have fallen into disrepair (often tied to the first issue, mismanagement).

@Derek Harris sent you a PM

@Theresa Harris - i am afraid to switch to another mortgage broker becuase restarting a new loan means that we would have to go another 30-60 days (in NY) by paying this crazy mortgage because they will need to do appraisal again, order title again, etc.

@Theresa Harris -  how much are they charging for repairs? 

Quote from @Theresa Harris: What does $100K buy you in your market?

Quote from @Dean Harris: @Jackson Long @Mark S.Parts of 38111 arent bad at all.

After the city shut her down, she called her bank (BMO Harris) and disputed the charges of rent stating that it was fraud, they deducted August and September rents from my account.

Currently, I use 4% as my postulated personal rate of inflation (and 8% for my personal rate of health care inflation) because if I can survive that level of inflation, I can survive a lower rate of inflation even better.I enjoy the IF-THEN-ELSE function of spreadsheets for strategy simulations.