The house isn't just a home. It was the only retirement plan that some people ever really had.
But since the housing bubble burst, Wilhelmina A. Leigh is more likely to consider a house as an obstacle rather than an asset on her road-to-retirement checklist.
"Virtually all households, the largest chunk of their wealth comes from the value of the home," said Leigh, senior research associate for the Joint Center for Political and Economic Studies in Washington. "People want to have that home as an asset. They also want to think of it as having an asset to pass along to their heirs."
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This article was previously abailable at lansingstatejournal.com.
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