Do you plan to retire some day? Here is a kiss for you!

Listen my friend, if I let people's personal insults that are aimed at you go other members in the forum will think I'm doing it to show favor to the person who posted the insult. I respect that you, like myself, are an insult masochist but I'm afraid there is nothing that I can do to help your suffering.

 

I thought you were almost or barely crossing a line so I figured I'd give you a friendly little reminder.

 

Actually these days even calling a retard a retard is an insult so I'd appreciate you not calling anyone retarded.

 

I feel sorry for you.

what you're saying doesn't make sense, because reality doesn't agree with it.

If a family is living on a fixed income, it means they don't make much.

Let's say, generously, they make 50K a year.

Their house, let's say, is sold for 500K. They bought it in 1950 for 10K.

That means, on a house they own, they made 490K in profit.

Add to that, the 50K they make a year in income, and that means they pay 3.8% tax on....40K.

So, out of the 500K they made on the sale of the house, they now owe....calculating...calculating...calculating...approx 1900 dollars.

You're telling me, a couple that made 500K on the sale of their house, couldn't afford 1900 dollars, a one time tax?

Considering they made about 4K a month (in pension/SS, etc) I think they'll survive.


maybe you have a different opinion on what level their "fixed" income is. Maybe you think 100K a year, as a retired/elder person is fixed income.

But realistically, if someone is making 100K as a retired/elder, they're making pretty good money.

 

That's the nicest thing you've ever said to me.

 

You would be fun to go to Vegas with.

 

That would be fun. Is USA Basketball next summer? A bunch of us should get together for SL and a couple of USAB games next summer.

 

Obama didn't spend more on the bailout than the last 10 presid...oops, wrong hairbrained logic.

If they're on a fixed income, chances are they don't live in a house that is worth enough to add to their income level to be more than 500K. Is it possible? Sure. But I'm willing to bet that the number of elderly senior citizens living on a fixed income, where the value of their house and their income (and all other assets) is worth more than 500K (for married couples) is very small.

So it's kind of a moot point.

Look, my grandparents are both retired (actually, been for a long time). As are my parents, 3 of my uncles, and 2 of my aunts. If they were making 100K a year, they'd be living very well.

Maybe in your world, retirees and elderly make a lot of money, but to those of us who live in the real world, fixed income earners don't make a lot of money and don't tend to live in very lavish or expensive houses.

So to act like an elderly couple making 50K is A: fixed income and B: able to live in a house that is worth 500K and C: lived in said house for 60+ years and not have been priced out of said house in the first place due to never making a lot of money is laughably stunted.

Explain how I'm being arrogant, please.

Because your scenarios you're painting are not plausible.

most couples haven't owned their homes for 50+ years, live on a fixed income AND are in houses worth 500K+

The average house in the US isn't worth 500K. You're telling me, and everyone else here, the there are a significant # of elders (living on a fixed income) who live well above the average house price of the rest of us?

A house selling for 500K is about twice that of the average house in the US.


And in the places where a 500K house more common (say, Southern California), the people who live in them tend not to be barely making ends meet (in the sense of being elderly and living on a fixed income) and I really doubt most of them have lived in their houses for 50+ years.

But yeah, it's me being arrogant.

 

Can't wait till they're dead to take their life savings away. Got to score some while they're alive. It's the ... whatever ... way!