hmmm - depends on if you consider having an asset you call home so bloody big with a huge price ticket - makes one wealthy
personally, I don't think it does - because wealth is only wealth if you can capitalize on it (and, pretty quickly) - if the 'wealth' is in the home and you sell the home - there goes your income stream.
I remember a friend who had a fairly expensive property in the country several years back and he had a stroke - couldn't work and his wife was full time caring for a few years (he's since recovered) - he said it was dreadfully hard because they didn't have any income and the property asset value didn't allow them to get any social security at all
he said - what do they expect you to do - rip a few planks off the wall and sell them whilst you wait to get better
selling the place would have been long and hard unless they took a pittance - then, they would have had no home and no income later if he recovered
we sure have some pretty dumb systems
- Forums
- Political Debate
- More travel possible
More travel possible, page-41
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant