Quote:
Originally Posted by melpetezrinski
Ah, the master of spin:
1. "18 months before the last 12 months" of a stock market that is at ALL TIME HIGHS.
2. SSA ensures that benefits keep up with inflation through COLA adjustments but "those relying on SS lost ground"
3. "Home value is irrelevent" unless you want to simply downsize and reap the profits or do what thousands of villagers do and buy new, sell in two years for a significant profit and then rinse and repeat.
|
No spin at all.
1. The stock market hit an all time high a few days ago then dropped a bit. I'm not sure if it has fully recovered yet. Still, the value of my investments today is very close to the value they had in December 2021 and since I did not remove or add anything during that time, this shows me the market has recovered to what it once was, it has not done really well the last few years.
2. SSA does not ensure benefits keep up with inflation. SSA calculates a COLA that helps but does not necessarily keep up. Just look at the calculation to see how this plays out.
3. If I want to "downsize" then I am accepting that the value in my home has NOT increased relative to the same home. Sure, I can always take money out of my home, buy something smaller, then declare I have made money but in the end, I own something smaller. As others have pointed out, your primary home is not an investment.