The research paper “Delay Retirement as Housing, Stock Swoon” discusses how people work hard throughout their lifetime to retire comfortably. People that want to retire are finding harder every day to commit to their retirement plan…
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The housing bubble of 2008 caused many Americans to lose thousands of dollars in equity value. The housing market used to be so good that many Americans bought a second property for investment purposes. Those people that choose the route of investing in the house market for profits have taken a huge hit since the majority of properties in the United States have lost a lot of value. According to the article the housing market in the U.S lost over 10% in value in 2008.
Along with a depleting housing market retirees have also seen their other investment instruments go down in value in a significant manner. One of the financial retirement instruments that people invest on the most is 401k plans. These plans often invest a lot of money in the stock market. The value of stocks or equity went down approximately 15.5% in 2008. The loss of value hurt the potential retirees the most because older people do not have the leisure of time like young people do. A young person can wait until the market picks up once again. Retirees depend on that equity money to help pay for their living expenses. The combined effect of the devaluation in the stock market and the depreciation of homes has force many senior citizens to continue working instead of retiring early. As of 2008 approximately 78 million baby boomers reached the age of 60. Many of these individual planned on retiring early, but a lot of them have found it extremely hard to make a commitment to retirement due to the fact that the value of their retirement savings has gone down.
The senior citizens that are supposed to retire are holding on to jobs that younger people need. This has created market inefficiency in the labor markets. There are so many jobs to go around in the United States. The current situation is unfair to both young people and older people.
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It is also noted that poor housing is closely related to high rates of criminal activities. A slum area has the potential to breed crimes and gangs. Shattered nerves and frayed tempers are the inevitable accompaniments of constant friction and quarreling which are inherent in poor housing conditions.
UK’s goal is to reduce CO2 Emission by 60% in 2050. Just recently, BRE (2011) launched its Project T-Zero Emission Refurbishment and said that it will take “1,000 years to completely renew the UK housing stock – so most of the homes standing today will still be in use in 2050.” T-zero Refurbishment commits UK to 80 % reduction in carbon emissions by 2050.
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The Labour Government had undertaken the transfer drive on a massive scale. The office of the Deputy Prime Minister is in direct charge of the affairs relating to the stock transfer. As the Government has planned to upgrade the quality of all council homes by 2010, the councils are in a hurry to do away with their ownership of the homes and relieve themselves of what they consider as the troublesome and nagging responsibilities.
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I also included this stock in my portfolio. As on today my portfolio also has changed according to this negative trend but the total amount of my portfolio will be negatively changing with respect to the weightage of total holding of S&P 500 in
The availability of guidance to the pre-retirees at this stage is wanting. The liberation stage is marked by the first day of retirement. Also referred to as the honeymoon stage, it lasts for about a year (Schieber, 2012).
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