10-08-2017, 03:13 PM
(08-08-2017, 11:24 PM)cif5000 Wrote: Monetisation can simply be selling the flat in the open market and preferably before the price falls off the cliff at 12 midnight. The tough part is not in the selling, but at the time they sell.
You might think so, but plenty of people prefer to "age in place". I will dig up a reference if required, but think about your friends and family. Does this not make sense? The community lurking in this forum are not representative.
They may only consider this only as a last resort, and by that time, they may have lost control over getting the best price for their flat, avoiding the stress from financial inadequacy (because a flat takes time to sell).