Jump to content
House Price Crash Forum
Sign in to follow this  
DoubleBubbleTrouble

Bbc: Property 'no Alternative Pension'

Recommended Posts

Unfortunately it sounds better than it is, all they are warning is that you'd lose out on means testing by downsizing!

http://news.bbc.co.uk/1/hi/business/5024410.stm

Property 'no alternative pension'

For sale signs

Cashing in on property prices could mean losing means-tested benefits

Homeowners believing their property will generate enough money to provide for their retirement could be in for a shock, economic experts have warned.

One out of every five retired people living in poverty owns a property worth more than £100,000, the Institute for Public Policy Research says.

Share this post


Link to post
Share on other sites
Mr Bennett said: "There are almost a million asset-rich income-poor pensioners - those living in big houses but on small incomes."

should read.

Mr Bennett said: "There are almost a million asset-rich income-poor pensioners - those living in overvalued houses but on small incomes."

Not taking into account the many millions of everyday families and individuals in the same situation (also up to their eyeballs in debt)....

Too many 'wealthy' people, not enough money for a decent existence.....

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.