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    zgmc345's Avatar
    zgmc345 Posts: 2, Reputation: 1
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    #1

    Dec 22, 2008, 06:54 PM
    Buying a house will affect Social Security benefits
    If someone is a Social Security recipient, If they buy a house can or will affect their social security?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Dec 22, 2008, 06:57 PM

    Retirement or disability
    zgmc345's Avatar
    zgmc345 Posts: 2, Reputation: 1
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    #3

    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #4

    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
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