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Author: Trini209 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19362  
Subject: Re: Oh Dear. Not Good. Date: 7/10/2008 6:28 PM
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This is odd. Accumulated wealth via home equity has little to do with disposable income during retirement. Very few people sell or downsize in retirement, so the value in the home rarely ends up being used for daily/annual support. Sounds like someone is trying to overhype an admittedly sad situation in housing.

This isn't really true where I live on Long Island, and also in other areas where homes are very expensive in comparison to the rest of the country.

A great many people here sell their homes when they retire and move somewhere, such as Florida, where they can buy a home for a fraction of the price they sold their old home for. They bank the difference and use it to have a much better quality of life.

Trini
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