I own a house but otherwise I am broke- do I sell?

GDB2222

It's pretty expensive bringing up 2 children. It might be pretty hard on £1500 a month, and if the OP is perhaps not claiming the tax credit then I can see why she is struggling.

Oh, and my apologies to all those about to tell me that they brought up 10 kids on 3-pence a day and still had money for Hovis.

martinbuckley

Firtsly, I note that you make no mention of maintenance in your "income" from your children's father - hopefully he is paying his way.

Secondly, can you extend your property? As you only have a £30K mortgage, then you still have scope to remortgage and have an extension, without the fear of negative equity.

carolt

I have zero sympathy with the OP - I'd love to have 100K in the bank courtesy of house price inflation AND a secure 3-bed council house at a low rent to live in.

But as I work and so does my OH, but don't own a house, we have to EARN our 100K in the bank - and although we have 3 kids, don't qualify for any kind of council house and don't ever expect to. Is that because we're married?

I find it extremely offensive that someone who has large resources to pay her own way should expect others without those resources to subsidize her lifestyle.

As others have said, it's pie in the sky anyway, as the council won't give council houses to anyone who (a) made themselves intentionally homeless and (b) had 100K in the bank.

Thank goodness.

And what on earth was all that stuff about a horse in a field???!!!

This poor deluded woman/troll seems to have as much grasp on reality as Liz Jones...

wageslave

Graham_Devon wrote: »

You owe me a new trolldar.

You just broke my current one by sending it off the scale.

Bank over 100k and just walk into a council house? LOL.

Do you imagine it hasn't been done?

You sell your house, move in with relatives and then knock up the points for over-crowding, stress etc.

To answer Jennys question. You need to have a viable plan or you will find yourself sitting in a private let eating up all your capital.

If you get the logistics right, I see no moral reason why you shouldn't sell and get a three bed council house.

Can you be sure you will get a decent area?

phil_b_2

carolt wrote: »

This poor deluded woman/troll seems to have as much grasp on reality as the rest us nutters on here...

Corrected for you!

actionman_3

I have a house which is 2 bed- my 5yr old son and 11 yr old daughter share a room.

the council would class that as overcrowding as it is not appropriate for opposite sex to share a room.So she could go on the waiting list for that reason. But It would be preferable to own your own home than go on a dodgy council estate. Opt for an extension if possible

I actually know a couple,working actually,who had their own home but did get a council house due to the fact they couldnt afford a bigger house privately.

Harry_Powell

Breed your way to a better life, subsidised by the rest of the mugs - Labour 199x-2010.

Graham_Devon

wageslave wrote: »

Do you imagine it hasn't been done?

You sell your house, move in with relatives and then knock up the points for over-crowding, stress etc.

To answer Jennys question. You need to have a viable plan or you will find yourself sitting in a private let eating up all your capital.

If you get the logistics right, I see no moral reason why you shouldn't sell and get a three bed council house.

Can you be sure you will get a decent area?

You may see no moral reason. That's your call.

I sure as hell do.

I'm not pretending it doesn't happen, but selling up with the intention of living off the state when you have that much in the bank, BECAUSE of your decision and intent to use state resources is wrong, very wrong.

Why? Because it takes a house from someone who REALLY needs it.

I take it when you mean "logistics" you mean planning the best route to achieve this? I.e. intentionally doing something to gain points.

Morally to me, that's wrong. Resources are already scare enough when it comes to council houses because of pure greed.

ninky_2

Harry_Powell wrote: »

Breed your way to a better life, subsidised by the rest of the mugs - Labour 199x-2010.

no thanks. the childfree are much better off financially in the longterm. even if you live in council housing and off benefits you can't get away from the fact children have to be fed and clothed not to mention the ever growing list of extras. and as far as i know airlines charge full price after the age of two so you can forget too many foreign holidays.