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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (7283)	10/5/1998 5:14:00 PM
From: mrknowitall	Read Replies (2) \| Respond to of 67261

Pezz - good points <<OT>> "This will of course effect the inheritance of heirs.But better that than rape the tax payer,no?" IF they want to move. And keep in mind, those who are there were being raped previously. There are too many personal situations to make a rational law covering who should go and who should stay. I still say the real answer is for companies to not grow their operations there. Trust me, I know some of these people - they (executives) complain all the time about turnover but they aren't willing to do anything about it other than play accounting games with options and rhetorically demonize existing homeowners in order to appear that they really care whether their employees have a home or have to commute four hours a day. Until someone demonstrates that recruiting and retention have a causal affect on the bottom line this month, this week, this day, this hour or this minute - it's bovine-scatology PR. To most of them, it's an ordinary operational-level manager's problem that all companies have, and if that manager can't find and get and keep the right people, they'll find someone else to do recruiting and hiring and keeping, etc. Privately, to at least one that I know personally, it (employees finding economical housing within an hour of the office) ranks right up there with problems like "the Coke machine is always running out of Dr. Pepper." Mr. K.

To: pezz who wrote (7283)	10/5/1998 5:59:00 PM
From: Lady Lurksalot	Read Replies (1) \| Respond to of 67261

Pezz, A reverse mortgage IS a mortgage. As with any loan, the parties involved and the property must qualify for such mortgages and payments must be made. As you research this type of mortgage for your parents, I hope you read the really fine print often contained in these types of loan documents. Me? I cannot see going the reverse mortgage route without a very good reason or purpose, such as astronomical medical bills or the need for custodial home care. Think about it. A day may come when this nebulous source of income must be tapped, and you will want it to be there. Holly