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WHAT'S WRONG WITH PUTTING SAVINGS INTO A HOUSE? (int'l edition)Is it really flawed to invest retirement savings in real estate, instead of in a fund (''The flaw in private savings,'' Economic Trends, Apr. 27)? Owner-occupied homes are usually low-risk, lifelong investments that remain profitable as long as rents are not abnormally low forever and the purchase is not endangered by an excessive debt commitment. Even if all the retirement capital is left locked up in the home, what's wrong with the age-old method of providing retirement income in exchange for the appropriate share of the recipient's property when deceased? This option would make it more attractive for the young and poor to sign up for systematic (retirement) savings, according to ability, thereby effectively leading the effort against poverty amid plenty.
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Updated May 21, 1998 by bwwebmaster
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