NACA in the News: Homeowners Turn to Sale-Leasebacks After Pandemic Hit Finances

Release Date: 
June 14, 2021
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Wall Street Journal, Homeowners Turn to Sale-Leasebacks After Pandemic Hit Finances

"'Where people are harmed most is when they’re desperate,' Ira Rheingold, executive director of the National Association of Consumer Advocates, told the Wall Street Journal. 'I understand the short-term benefit of peace of mind. The short-term benefit of not [being] worried about being homeless in a year. But you’re giving up your long-term stability.'

'And if you want generational wealth … you’re giving all that up and you’re selling it really low,' Rheingold added."