Government's Mortgage Rescue

Dithering_Dad

lostinrates wrote: »

Living with your parents doesn't mean you always have! I've lived away from home since 17 until this! I've worked (even as a kid) always until ill health and really HAVE understood the daily struggle - I would argue perhaps more than someone who was my age, flat sharing and using their cerdit card to the max

Are you one of the people who mocks other's for the state of their finances?

lostinrates

Dithering_Dad wrote: »

Are you one of the people who mocks other's for the state of their finances?

I try not to mock anyone (PP does bring out an ugly side to me though:o ). I am however one who think we all need to take more responsibility for our finances and financial decisions.

dopester

Dithering_Dad wrote: »

Are you one of the people who mocks other's for the state of their finances?

If they can't afford it, why should they be bailed out?

I moved back to my mother's house. My 27 year old sister lives here too. My brothers have the option of returning. We all share the costs. Life is great. No money stresses whatsoever with 2 incomes and a pension coming in. Just had new carpets fitted in lounge and dining room. New bathroom suite. I was opposed to both purchases but went with it in the end, and not on credit either. Sister just returned from a 2 week relaxing and hot foreign holiday.

I've got the money to buy a house but not at ridiculous high price after 300% HPI to take on the stress of making high mortgage repayments and associated costs that others have gotten themselves in to. Go to hell with that. If they can't afford the obligations they have taken on - then tough luck. They should go to their parents, or rent share cram in to a house to cut cost. Not be bailed out at the expense of my sound money waiting to buy.

Dithering_Dad

lostinrates wrote: »

I try not to mock anyone (PP does bring out an ugly side to me though:o ). I am however one who think we all need to take more responsibility for our finances and financial decisions.

Why did you move back in with your parents?

dopester wrote: »

If they can't afford it, why should they be bailed out?

I moved back to my mother's house.

Why did you move back in with your parents?

dopester

Dithering_Dad wrote: »

Why did you move back in with your parents?

We're a close family - so no issues living together. A standard but fairly sizeable house with 4 bedrooms, or 5 or more if we had to convert a room.

We're adults and nearly as independent at my mother's as we were in an apartment in a nearby town. We can use the big savings in rent (after costs here) towards buying a house. Having an expensive rented apartment might be freedom and independent and adult to some, but I've weighed it up against what I could use the money towards in the future, and that wins out.

There are associated benefits for my mother too, as I've fixed issues with the windows, front and back door, replaced dishwasher and washing machine anew, service her car and pay her car-tax, car-insurance, new tyres + home insurance + monies to food and energy + vet bills of recent months for dog... on and on, but not that bad when sharing costs with sister, and other brothers if necessary.

It is good living but of course not perfect. Those who judge negatively are free to do so. I'm not here asking for a mortgage bailout or posting in the debt section.

As far as I'm concerned I'm priced out of the market at current price levels. Others might have been happy at buying at ever increasing prices to a huge bubble, but I'm not buying in at too high price to be a debt slave for the rest of my life, stressing about making payments. I enjoy bike rides and life's simple pleasures out with family too - but don't want to be crushed by the burden of meeting high costs and put our own security or financial well-being at risk.

Dithering_Dad

So reading between the lines, you moved back in with your mum for financial reasons. You are financially better off than you would be had you rented a flat on your own or with friends.

This is really my point, you point out the failings in people who are making their own way in life, while you live in the financial comfort provided by your parents.

lostinrates

Dithering_Dad wrote: »

Why did you move back in with your parents?

.........................
(edited to remove long and boring story)

Thats how it started. honestly, i've missed out a lot. We make a finacial contribution as well as practical ones. I think, my mother will find it (pratically) hard when we go.

ETA I think I'll remove this post later, therefore I'd appreciate it if noone quoted it.

dopester

Dithering_Dad wrote: »

This is really my point, you point out the failings in people who are making their own way in life, while you live in the financial comfort provided by your parents.

Yawn. Totally wrong. I have lived, and continue to live, within my means.

If it wasn't at my mother's house then it would be in a shared rented house with my girlfriend, my sister and her boyfriend. Plus other friends if necessary.

You just want to bail out those who've over-extended their financial position at the expense of keeping others priced out of the market. You are the enemy of people living within their means and wanting them to take on too high a cost burden.

PayDay

Dithering_Dad wrote: »

Nope, nothing at all wrong with that until you then start criticising people who are struggling financially while ensconced in the comfort and security provided by someone else.

I'd have a bit more time for these people if they had families and homes to support, though I suspect if they did they would understand the daily struggle and so perhaps wouldn't entertain these views?

You recently told us that you claimed the means tested welfare payment of Child Tax Credits, for help in keeping your children. That is "comfort and security provided by someone else" too.

Dithering_Dad

dopester wrote: »

Yawn. Totally wrong. I have lived, and continue to live, within my means.

If it wasn't at my mother's house then it would be in a shared rented house with my girlfriend, my sister and her boyfriend. Plus other friends if necessary.

Then why don't you live with your girlfriend? You're living within your means because you have such limited outgoings due to being with your parent and sibling.

Why do you have to share with anyone at all, why can't you take financial responsibility for your own life?

Actually, forget answering. You're young. You'll learn. Once you and your gf get serious and move out, buy a house together, have some children and you start being the head of a houshold you'll understand what I'm on about.