Sinead O'Connor in concert at Tvornica Kulture, Zagreb, Croatia - 15 Jan 2020

Photo by Ivica Drusany/Shutterstock

UPDATE: Wednesday, 9th August 2023

On Tuesday, August 8th, Sinead O'Connor was buried in Bray, Co Wicklow, Ireland.

According to the Irish Mirror, "a funeral cortege [moved] along the seafront in Bray, past Sinead’s former home, Montebello, which she had lived in for the last 15 years.
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Updated: July, 14th 2023

With the soaring costs of living in cities across the US, many homeowners increasingly feel like they’re house rich and cash poor. Back when they made that initial investment, they never imagined the unexpected financial challenges and everyday stress that owning a home can bring.

In 2023, many homeowners often find themselves at a crossroads. Should they grit their teeth hoping the housing market stabilizes? Are their expectations in owning a home matching up with the reality of ever-increasing interest rates? Do they simply put up with all the challenges that occur when you own a home like high mortgage payments and the costly cycle of home repairs? Or should they sell their family home, cash out of the equity they’ve earned, and move onward?

These are the kind of questions that keep our finance editors up at night. So, we scoured the internet for a solution. We were intrigued when we discovered something called the home sale-leaseback.

Just what is this sale-leaseback thing? A sale-leaseback blends two common transactions: a home sale and a lease. By selling your home and leasing it back, homeowners can get the full equity out of their homes without taking on debt or moving. It’s a win-win.

Here are 5 reasons why sale-leasebacks may be perfect for you:

1. Reduced Expenses/Taxes

Freeing up your assets with a home sale-leaseback arrangement can help you pay off that mortgage and even avoid taking on more debt. Stop paying for major repairs and maintenance, property insurance, and property taxes. Establishing a budget that covers a stable monthly lease payment and utilities allows for more financial flexibility and peace of mind.

2. Disposable income

People typically use their all-cash home equity proceeds from a home sale-leaseback to:

  • Invest or diversify investments
  • Pay off debt
  • Plan for retirement investments or travel
  • Buy or renovate another home
  • Cover unexpected financial or healthcare costs

BONUS: "In general, if you are an individual who has owned and lived in your home for at least two out of the past five years, you do not have to pay federal income taxes on the first $250,000 of profit on your home sale. In general, married couples filing jointly, you do not have to pay federal income taxes on the first $500,000 of profit."

3. Flexibility/Less Stress

Yes, you can sell your home and keep living in it uninterrupted! Unlike a traditional sale, when you work with a sale-leaseback specialist, there’s no listing, showing, packing, moving, waiting, or worrying about the buyer’s mortgage approval. Purchase of your home can happen in as little as 30 days, and your lease starts immediately upon closing. If you're in the midst of moving to a new home or are finalizing renovations, you can utilize a sale-leaseback to stay put while your dream home is completed.

Learn More Here

4. Build a financial legacy for your children

Providing for your family is essential, creating stability and opportunity for the next generation. It’s quite liberating to have access to disposable income that you can either put toward investments or that grants you the flexibility to move for the sake of your family's future.

5. Work With Trusted Experts

Sure, you can google it but why spend the time when expert sale-leaseback advisors are happy to talk you through the process. Working with a real estate expert will allow you to free up your home equity and plan for your financial future. Working with an experienced sale-leaseback company can allow you to protect your wealth against volatile home values and diversify your investments into income-generating assets such as stocks. More importantly, you have access to cash to use during the times you need it most.

After some extensive research, we identified Truehold as the absolute best sale-leaseback provider in the US. They are the best choice for homeowners who want to unlock their home equity, debt-free, without having to move. It’s comforting to know that they provide trustworthy financial and real estate alternatives for those who want to stay in their homes. Truehold buys your house and leases it right back to you - easy-peasy.

Thanks to Truehold’s fantastic sale-leaseback business model, you can let go of the financial stress of home ownership. You bought a home originally with the goal of enjoying it. With Trueholds's help, the focus can be on less worries and more money for whatever life has in store.

Photo by Honor M

Friday night, December 10th. Night fell fast as I threaded my way through East Village streets to Webster Hall to catch The Bogmen.

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Frontpage Popular News

Too Close To Home

Chinatown' s uncanny parallels with Jack Nicholson’s life

It’s one of the most famous scenes in cinema history. Private Detective, Jake Gittes, is attempting to force the truth out of his lovely but damaged client, Evelyn Mulwray. Just who is the mysterious teenager everyone’s searching for?

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Music Features

How the Inspiring Irish Spirit of Resilience can Guide us all Through These Challenging Times

Irish playwright Honor Molloy opens up in an open letter to Irish New Yorkers.

These are strange days of quarantine – strange days, indeed.

With Ireland and the United States separated by travel bans and COVID-19, we're all indoors keeping it safe. That's what we do. We're New Yorkers. The city knows endurance. When life gets tough, New Yorkers get tougher. It's easy to feel unmoored, but music can be our anchor – it unifies cultures and countries, blending melodies, harmonies, rhythms from Mozambique to the hollers of West Virginia to the Fields of Athenry.

In troubled times music soothes souls and raises spirits. What better way to celebrate St. Patrick's Day and the indomitable spirit of the Irish, here and abroad, than with a bit of song?

Here's great piece on Sinead O'Connor, and don't forget the mighty, mighty Pogues and the revolutionary Shane MacGowan which you can read about in "Reflecting on the Life and Music of Shane MacGowan after turning 60 this Christmas", "Congratulations to the Pogues, Your Favorite Irish Punk Band of All-Time," and "Saint Patrick's Throwback: Spider Stacy & Lost Bayou Ramblers Perform in the Boardroom."

Styker Jones has pulled an excellent long pint. "Everything" is a canny mixture of old and new. Dexy's Midnight Runners stand strong in a meld of virtuoso fiddling from the auld sod, Jone's trip-hop beat and his epic take-down of those who "can't separate want from need" – whether they're Johnny-Depp-famous, "Bill-Cosby-and-the-Milk-of-Amnesia"-infamous, "all those motherf*ckers do it for the payoff / points on the back end / spin from the kick-off."

The legend of Stryker Jones first came to prominence in The Dunning Man, published by Lavender Ink. Shortly after the books release, it was adapted to an award winning feature length film, available on Amazon, iTunes and more.

So, pour yourself a shot of Jameson. Amp up the volume. Music unifies the world, starting here in the city that never sleeps – and never gives up.

In this time of global distress, it's important that everyone stay positive and safe, while also maintaining an open heart towards those less fortunate - those with even less security and access to healthcare. With that in mind, we at Popdust highly recommend you visit Concern Worldwide, and consider contributing. Born in Ireland, Concern Worldwide is one of the most highly rated charity organizations, dedicated to helping impoverished communities in the most devastated and disadvantaged communities on Earth. For over half a century they have fought to bring the resilient spirit of Ireland to all people struggling.

Together we rise.