Housing market

[SwingsitlikeHogan]

Various circumstances mean that I'll be able to pay off the mortgage next year. I was very lucky, but I was only able to buy my wee flat because my parents had a little bit of savings they could lend me for a deposit (I was supposed to pay them back - but as interest rates rocketed I never could - and they eventually just said to me to not bother)

And so with a very grateful nod to the generosity of my parents - who had little and sacrificed a lot for me - we will be putting a fair lump aside for our children to help them when they want to buy a place. We could spend it on ourselves - and have a great time in semi-retirement and retirement - but we feel a responsibility to help my children and will gladly make some sacrifices. Because without my parents I wouldn't be who and where I am today - and our life is made whole by our children.

So yes - I can look at how irresponsible and feckless my son has been - and occasionally still can be - but that's not the point. He and his sister are doing their very best as, in their early-mid 20s, they move into what will I fear be a difficult adult life. If we can help by relieving one serious pressure - a roof over their heads - then that's us doing our bit in return for what they give us. But they are among the very fortunate of their age group - many , many are not so.

 

[Rooter]

Various circumstances mean that I'll be able to pay off the mortgage next year. I was very lucky, but I was only able to buy my wee flat because my parents had a little bit of savings they could lend me for a deposit (I was supposed to pay them back - but as interest rates rocketed I never could - and they eventually just said to me to not bother)

And so with a very grateful nod to the generosity of my parents - who had little and sacrificed a lot for me - we will be putting a fair lump aside for our children to help them when they want to buy a place. We could spend it on ourselves - and have a great time in semi-retirement and retirement - but we feel a responsibility to help my children and will gladly make some sacrifices. Because without my parents I wouldn't be who and where I am today - and our life is made whole by our children.

So yes - I can look at how irresponsible and feckless my son has been - and occasionally still can be - but that's not the point. He and his sister are doing their very best as, in their early-mid 20s, they move into what will I fear be a difficult adult life. If we can help by relieving one serious pressure - a roof over their heads - then that's us doing our bit in return for what they give us. But they are among the very fortunate of their age group - many , many are not so.

Plus, when you get really old, you can be a burden on them and move in. I suggest your sons house if he gets a cute wife. Every cloud!

 

[SwingsitlikeHogan]

Plus, when you get really old, you can be a burden on them and move in. I suggest your sons house if he gets a cute wife. Every cloud!

My daughter will be the chief executive of a major charity - my son will be the lead singer of the world's #1 Death Metal Band - wonder who I could depend upon

 

[londonlewis]

My daughter will be the chief executive of a major charity - my son will be the lead singer of the world's #1 Death Metal Band - wonder who I could depend upon

Depends if you want a roadie to help you with your ailing body or an actual professional.
What's the name of your sons band?

 

[SwingsitlikeHogan]

Depends if you want a roadie to help you with your ailing body or an actual professional.
What's the name of your sons band?

Carbine - just back from a short 5 gig tour in Fr/Sp inc. Barcelona, Valencia and Madrid - this Saturday? - Huddersfield

https://www.facebook.com/carbineuk/

 

[londonlewis]

Carbine - just back from a short 5 gig tour in Fr/Sp inc. Barcelona, Valencia and Madrid - this Saturday? - Huddersfield

https://www.facebook.com/carbineuk/

12 April 1926
was the day that Huddersfield Town became the first club in history to win the English Football League Championship three years in succession.


A colleague is a Huddersfield fan and shared this little factoid earlier.

 

[RustyTom]

I bought my first and so far only house in 2012. I was 22, my partner was 27 we had a 1 year old daughter and paid £175k for it and about a month later i was starting to really regret it as it was about 15k more than any other houses in the street at the time and thought we had stretched ourselves too far.

5 years later, we have spent about 5k decorating and upgrading, our mortage has gone from £930pm to 630pm and its now worth £235k

The housing market is crazy where i live, house prices are rocketing. My grandparents have just sold their house for £545k, they paid £27k for it back in the 70s.

 

[Doon frae Troon]

Totally stagnant in my area.......has been for years.
No houses for sale at all in my village ATMo, when they come on the market they are usually snapped up.
Two new builds and lots of extentions / improvements though
Prices keep slowly going up but very few houses are sold.

 

[chrisd]

I bought a brand new 3 bed semi in East Kent in 1975, it cost £9750 which was 50% dearer than others in the street as mine was built a year later!

 

[Crazyface]

Funny story. My dad and mum bought their house in the 60's. It was the last in the row to be sold...number 13, so got it cheaper. Then...the road was extended away from number one in the other direction. It was decided to keep this road as the same name and renumber the houses. He's now number 17. LOL. Number 9 wasn't very happy.

 

[Doon frae Troon]

So, basically it is a good time to be a cash buyer........Maggie would be pleased.

 

[TomTom]

So, basically it is a good time to be a cash buyer........Maggie would be pleased.

Or someone with a mortgage!