View Full Version : Buying a house will affect Social Security benefits
zgmc345
Dec 22, 2008, 06:54 PM
If someone is a Social Security recipient, If they buy a house can or will affect their social security?
Fr_Chuck
Dec 22, 2008, 06:57 PM
Retirement or disability
zgmc345
Dec 22, 2008, 06:58 PM
If someone is receiving social security in California, can they purchase a house without being penalized for buying it or the benefits be taken away?
excon
Dec 23, 2008, 06:03 AM
Hello z:
You're only allowed to EARN so much money when you're drawing SS. So, if somebody is purchasing a house based on their INCOME, it's probably going to effect SS, because they've got to be earning a whole lot of money to qualify for a loan these days.
excon