The subject of reverse mortgages came up on an episode of MSNBC’s Morning Joe amid a discussion of generational debt levels.
Citing research from the Urban Institute, workers under age 40 have fallen behind from where their parents were at their age, according to NBC Today’s Financial Editor Jean Chatzky, who adds that higher taxes and lower real wages have been significant contributors to these findings.
As a number of younger people take on “mountains” of student loan debt, MSNBC commentators suggest that they might not have enough resources to take advantage of reverse mortgages when they are older.
Several commentators pointed to reverse mortgage advertising including those featuring Fred Thompson and Robert Wagner, questioning whether potential borrowers are provided with all of the information they need upfront.
Chatzky says older homeowners need to know what they are getting into before taking out a reverse mortgage loan, and they are only suitable for the right type of borrower. While not a “scam,” she says, they can be very expensive.
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Written by?Jason Oliva
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List Date : 03/04/2013 
LOS GATOS — A six-bedroom, six-bath home formerly owned by Apple (AAPL) co-founder Steve Wozniak — complete with a bedroom mural of the "Little Mermaid," outdoor grotto and firefighters pole for the kids — is up for sale for $4.4 million.
Yes, open today! Burbed meet-up!? The password is When can I submit my overbid?
It’s interesting reading all these sites. You might learn something if you do, like where Woz is living now. (Yes, that’s it on the right.? Where he is now, not the place above.)
We did make it over to the old Wozniak place during yesterday’s Open House. And we took pictures.? Lots and lots of pictures. We can assure you that some of the notable improvements to the property, such as the fireman’s pole, the cave, and the twisty little maze of passages, all different, are still there.? Here’s just a taste of the photoblog to come.
Finally, we joined into a Blogtacular scheme called the Blog Blitz. We think it’s a good idea, and if you write your own blog, you can also be part of it. By joining the group, you agree that when DL Hammons, who started it all, says “Everyone Blitz this Blog!” you will head over to the chosen site on the appointed day and post some helpful or encouraging comment there. It’s true, people who write blogs love it when their readers post something useful.
So, barring any proper large city, where would hipsturbia be in the Bay Area?? Is Palo Alto too expensive to qualify?? Is Larkspar too tilted to aging hippies?? Could Hayward, City of Diversity, take the title of the “twee lifestyle”?? How can people who don’t want to be like everyone else find meaning in a subdivision full of identical tract housing?
We bet you could find something appropriate near the downtowns of Mountain View, San Carlos, or Willow Glen.? Where would you suggest?
You know this is going to be a good one when they don’t’ show the house until picture #5.? Now let’s check in with wahnny.
Visited during open house (along with several other groups), and although nicely staged, the place is tiny (or, as the Redfin video understates, "compact")!? 
HENRY GRABAR | The Atlantic CITIES | MAR 11, 2013
Alviso is the runty guy on reduced lunch who lets off Silent But Deadlies on the staircases. Even Milpitas won’t sit next to him anymore.
Here’s why SPL sent in this fine facade in the Fortress.
And heeeeeeeeeeeeeeeeeere’s wahnny!
This is much better, wahnny, this is a flipped 1900s “bugalow.”? Another Gem by Gaurdian Home Brokers. (If the realtard meant this agency in Folsom, then we must admit this is the first time we’ve caught one who couldn’t properly spell the name of their own broker.)
This tweet from Jarrett Barrios credits someone else, but we can’t find an earlier use of the map.? (Could be this,) It’s a lovely image that clearly sets up Real Bay Area versus Not the Real Bay Area, with the oddball exception of the WalMart in Mountain View.? Other than that, It’s 280 versus 880.
Best comment on this map: Mountain View’s town motto is "Even our poor people are rich."? Don’t know if that’s true, but the Whole Foods and the WalMart are less than a block apart.
Yes, this is a vintage home (just slipping in under our definition to earn the “old house” tag) in a desirable part of Palo Alto, but it isn’t being marketed as a teardown. It’s just that the agent obviously has better things to do than pull out the iPhone and snap a dozen listing photos.
Guess you’ll never know unless you show up at the Open Houses this weekend.? Also, many sections of Streetview around this house have been blurred out. Perhaps this home is owned by a highly-placed Googler.? This view around the corner from Tennyson was the best we could do.
That’s right.? If you’re willing to spend the same amount in Orinda, you can own a house actually designed by Frank Lloyd fucking Wright. Not only that, the landscaping is by the same master gardener behind the Japanese I-shit-you-not Tea Garden.? In Golden goddamned Gate Park. Which we think even Silicon Valley software dweebs have heard of. Plus the Orinda house is on more than two acres.
But in Old Palo Alto, you get a house on nine thousand feet, and you will like it.? And if you don’t plenty of others will, because this house has only been on the market for a week, and after the Open House you know the sellers will be receiving all seventy-nine offers the following Tuesday, and decide which of the no-contingencies-extra-cash-please-with-homemade-brownies-and-a-Tesla-Model-S begging letters they will accept.
Today’s house shows the importance of architectural design rules, such as balancing all the elements on each wall.? In this case, perhaps they were followed a bit too literally.? Our thanks to Burbed reader holyzoo for this superlative structure in South San Francisco!? Pending?? But of course!
Well I have lenders jumping through hoops to see how much of a shovel I can have them hand me.? So far it looks pretty sweet.
It’s a bargain at $595k for a 3/2 1270sq/ft. SFH that looks like an apartment, no?
Now from the street named end, looks like a dead end to me.
That last phrase under comments? It’s hidden in the web page and popped up when we did a copy and paste.? Heh heh.? What else is hidden on all those Redfin pages? Maybe it’s an early Easter Egg Hunt.
