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Method and system for living expense arbitrage across borders by retirees
Method and system for living expense arbitrage across borders by retirees
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机译：退休人员跨境套现生活费的方法和系统
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摘要
This invention identifies the economic benefits of living in a foreign country, where the cost of living is a fraction of the cost of living in the U.S., for retirees. Specifically, the method addresses the needs of those retired homeowners who will consider living abroad only a portion of the year while keeping their current homes as primary residences. A computer-implemented method determines the amount saved from living abroad for part of year for retirees who would buy a second home in a foreign country financed by reverse mortgages. Clearly, the level of saving or benefit depends crucially on the price of the second home in the foreign country, the difference between two countries' living expenses, and the number of months retirees plan to stay in the foreign country, among other inputs. Higher the amount saved, the more likely the retirees in high living-cost areas in the U.S. look into this option of living abroad, particularly those first-generation immigrant senior citizens. The method also addresses assessing the feasibility of developing residential communities in foreign countries for the U.S. senior citizens by developers. Specifically, given the cost of developing such communities abroad, the method determines the minimum threshold of living expense in the U.S. This minimum threshold of living expense in the U.S. will, in turn, determine the market segment or client base in the U.S., which the developer can target.
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