The Washington Post newspaper holds a competition every year in which readers are asked to supply new definitions for dictionary words that have been altered by one letter. Among this year's winners was this gem: "Cashtration (n.): The act of buying a house, which renders the subject financially impotent for an indefinite period." "Cashtration" is only a wacky made-up word, but it's also a sign of the times and a hint of possible trouble ahead for some homeowners. The vast majority of the nation's debt-burdened people can make their mortgage, credit card and auto lease payments, but can they also insure themselves against catastrophic risks and get ready for their retirement and end-of-life years? The ability to leverage capital through debt helps many people buy real estate and achieve g...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.