Buying my parents home-help please!

JennyB

Ok, couldn't decide whether to say anything about this or not as I like a quiet life, but what the hell!...

I think it's a bit unfair of some posters on this thread to presume that the OP is purely motivated by greed and to criticise him for wanting to purchase his parents' home.

Consider this. Take one family of Londoners. They have lived together in a council house for 20 years. It’s not in a great part of town and until recently wasn’t in a great condition. Over this period the parents have paid rent and taxes when they could. At the times they haven’t it was for reasons such as illness, disability and unemployment. Let’s not forget that people who live in social housing are the most disadvantaged and poorest people in the country so they are more likely than most to suffer from all of these things. Because of this they could also never afford to buy their home. While it belongs to the council or housing association, this is their family home.

At the same time there are families to whom life has dealt a better set of cards. Because they have well-paid jobs or have benefited through inheritance they’re home-owners. This family has lived in their house for 20 years also. They live in a nicer part of town. As their home is owned privately they have benefited greatly from the increase in property prices over the last 20 years.

Why would it be that we would think that the first family are less deserving of the opportunity to leave their family home to their children than the second family? The first family have paid to live in their home and 20 years later they have nothing to show for it. The second family on the other hand have paid off their mortgage many times over and now either have a large sum of money or equity in a large house to show for it.

The maximum discount in London is £16,000. So who is greedier? The disadvantaged kid with the huge mortgage minus £16,000 or the well-off home-owning tax-payer moaning about the tiny fraction of penny that they’ve contributed towards that? (Definition of GREED - “excessive desire to acquire or possess more (especially more material wealth) than one needs or deserves”)

As a tax-payer I am more than happy to pay my fraction of a penny towards the most disadvantaged in the country improving their own lives or those of their children.

Stepping off soap-box…

hethmar

£16000 maximum discount? I didnt know they had set a limit - very wise and I see some areas now have 10 years waiting. I knew some had increased to 5 but wow, 10!

lil_me

All areas have a maximum discount, I think the maximum in my area is about £20000

robwend

the guy was askin the implications of doing this , not your personal opinions, cant you tell the judging type! lol

oysterman

Zammo wrote:

You should be ashamed of yourself. Conning the council and disadvantaged families out of much needed social housing all so you can make a profit...and on top of that making your own parents accomplices in your dirty little scheme. How do you sleep at night?

Get of your soap box mate

ginger_nuts

i agree with RTB .My parents bought there ex council house .They had only lived in the house a year when they bought it ,that was 22 years ago.
They still live in the same house ,all there neighbours bought there houses ,none have moved since buying .

Zammo

oysterman wrote:

Get of your soap box mate

Ever so sorry for expressing an opinion oysterman. Perhaps I should have offered him some helpful advice on how to rip off the DSS and furnished it with a few huggy emoticons.

BTW has anyone seen Ricardo since he made that post? No?

Funny that.