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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 03 May 2005 21:52:44 GMT
/ Author of the message: user@127.0.0.1 |
Title of the message: |
Sell Your Home to Survive in Retirement
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Text of the message: |
Sen. Allen: Sell Your Home to Survive in Retirement Senator George Allen (R-VA) may have gotten in a bit over his head, this morning, on Meet the Press. On private accounts, he suggested that Americans might have to sell their homes to survive in retirement. But, that would be a good thing, because they wouldn't have to trim hedges and cut grass, he noted. In fact, he was trying to reassure people who are uncomfortable about investing in the stock market with private accounts. So, he recognized that those who do, might reduce their retirement savings in the event of a market downturn (I hear those happen once in awhile). But, he thinks allowing your own home to be your investment would get around that. Although, it would force you to sell it when you retire in order to feed yourself. Then, he said he didn't support President Bush's plan to cut benefits for the middle class, quickly trying to back out of it. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.