- Chinês Simples (China)
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Inglês (EUA)
“…, and quite a few families use the equity built in a primary residence over time to help fund retirement.”
Can anyone explain the sentence for me? I can understand every word of it but can’t get the meaning.
Thank you in advance.
Can anyone explain the sentence for me? I can understand every word of it but can’t get the meaning.
Thank you in advance.
- Inglês (EUA)
quite a few families build up equity (value) in their primary residence over time, as they pay off their mortgage. Once their mortgage is paid off, they own their residence. Then they can sell it and use the money to help pay for their retirement.
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- Chinês Simples (China)
So basically they buy a house to sell it? But where are they going to live after retiring.
- Inglês (EUA)
They buy a house and live in it for many years, and then when they retire, they can sell it and move into a smaller house or condo. they are older and their kids have moved out so they don’t need such a big house.
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- Chinês Simples (China)
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