Many seniors live in houses or apartments that are growing in value while their pensions are still scarce. A Munich bank has come up with a system that enables senior citizens to benefit financially while still remaining the owner of the property.
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Iris Hilberth, Oberhaching
The house has long been paid off and its value has risen sharply in recent years. If some pensioners had the money they would currently pay for their property in the Munich district in their account, they could easily afford one or the other luxury. But many shy away from selling their house because then they would have to move out. On the other hand, due to the high cost of living, the monthly pension is often not enough to make ends meet. The money is in your own four walls and you can’t bite down on them.