Quote:
Originally Posted by Bill14564
There are experts and there is data. As I mentioned above, some things exceeded inflation and others not.
It’s probably the case that the current housing market is not good for someone looking to buy in their SS income alone. Okay, that person will have a problem. On the other hand, those already in their home are not affected by increasing home prices.
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If your SS increase has covered all your living expenses caused by the ballooning inflation recently, you are one in a million.
We haven't even touched costs associated with the home maintenance such as roof needing replacement, power washing, painting if stucco, air conditioning, heat pump... there is always something needing attention. If the OP is receiving the SS max benefit of $61,296. a year, (max benefit to date), and has the funds to buy a home outright, they may be able to squeeze by.