How do I get my Dad off my back?

dazeruk

I find myself in the position to contemplate becoming a first time buyer.

I'd slowly saved £15,000 over the last 5 years but house prices increased faster than I could save a sizable deposit.

Then, earlier this year, my parents gave me £20,000 from the sale of my deceased grandmothers house.

So I now have £35,000.

I'm not an expert on financial matters, but I don't see us coming out the mess the world currently finds itself in any time soon. I know house prices have come down a lot but I still think they have a lot further to fall. GDP is predicted to fall 3.5% and another million is expected to join the dole queue.

Yet my Dad keeps badgering me to buy. Every week the phone call, 'What estate agents have you contacted? Which houses are you going to see?'

I think it's wasted effort at the moment. I'm not looking to buy to invest, the house will be my home for sometime. But I think holding off will maybe get me an extra room for guests to come visit or a slightly bigger garden to enjoy in the summer months.

What do I say to my Dad to get him off my back?

beaujolais-nouveau

dazeruk wrote: »

What do I say to my Dad to get him off my back?

I assume that you are not living with your parents? What is really worrying your Dad?

pizzagirl

dazeruk wrote: »

What do I say to my Dad to get him off my back?

Every month when the Land Registry figures are released and show continued house prices falls, show him the newspaper article detailing this and tell how much money you've 'saved' by waiting another month. He'll be delighted with your burgeoning financial acumen

tommy75

You certainly have your head screwed on the right way. If he won't listen to you then maybe you should do a bit of research and print a few things out such as this: http://news.bbc.co.uk/1/hi/business/8002791.stm . At the end of the day, its your decision when you buy.

vivatifosi

Ok, I could be well off target here, but looking at it from your Dad's point of view, maybe its because he's excited. He's done what he could to give you a decent deposit and he's really happy for you. Unfortunately the timing really sucks!

If that was my parents, they would be exactly the same. It wouldn't be about the market it would be about the fact that they had finally been able to do something to help me having eeked out their pennies for year.

I'd sit down with your Dad and try and work out his motivations. Show him the figures. Tell him that you are now the steward of your inheritance and want to make sure that you are doing the best you can to invest it as well as you can.

Zelie

'This is not something I am going to talk about.'

If he persists then say goodbye and hang up. I guarantee you he won't try badgering often after that.

Good on you for making your own decisions btw.

geoffky

email him this chart and then tell him you do not want to commit financial suicide


http://www.housepricecrash.co.uk/graphs-average-house-price.php

hearts

I agree with VIVA.
I think you are doing the right thing. Prices aint gonna rise any time soon. The thing is to convince your Father of this.
Why not lead him here and let him read for himself. Point out the obvious, that no one here is saying now is a good time to buy. ;-)

diable

Tell him that you have bought a bar in Thailand and are leaving in two weeks ;o))

scousethife

you need to accept your dad is thick as pig shlt!

thats not offensive its the truth, I came to this conclusion about my mum some ten years ago, shes nice and that, but couldnt out-wit breeze block.

You have to accept that with some people they can only see one course of action, and anything else is alien to them. They simply cannot question anything they have allways thought was right and correct.

When you look at the fact the SUN and MIRROR are the top read news papers and corry and east enders are the biggest watched TV progs, you start to realise what an over supply of underacheivers this country has to offer.

beingjdc

Ring the Daily Express and cancel his subscription. Replace it with, say, The Economist. If you're lucky he won't notice.