Is your house key to your retirement?

Rechtshaffen writing in the Globe and Mail says: "My mother, who is a real estate agent, has often mentioned to me that if you live in a city your whole life, the only significant real estate purchase and sale decisions...

Rechtshaffen writing in the Globe and Mail says:

"My mother, who is a real estate agent, has often mentioned to me that if you live in a city your whole life, the only significant real estate purchase and sale decisions are the timing of your first home purchase, and the sale of your last house. The logic behind that statement is that if you sell your first home in a down market, you are also buying your second home for cheap, so to some degree, your losses balance off against your gains."

See article by Ted Rechtshaffen in the Globe and Mail »