Realising My Asset

buglawton

Wow, for that amount all you could get here near Reading is a semi detached coal bunker.

HAMISH_MCTAVISH

JP45 wrote: »

Something is not quite right here.
.

You think?:rotfl:

carolt

IveSeenTheLight wrote: »

He wouldn't be loaded, it would be his beneficiaries.
All part of redistributing the wealth from the old to the young

Well, I'm sure his beneficiaries would be delighted that they were unable to afford a place until he was dead.

Because a situation in which young couples have to wait for their potential children's grandparents to die before actually being able to afford to start a family is ideal, isn't it? For both the potential parents and the never-get-to-be grandparents.

Obviously.

Harry_Powell

A lot of grandparents are bypassing their children and leaving money to grandkids. The logic being that the grandkids are just starting out and need the assistance, whereas the kids are already astablished and the money would just feather their nest.

I've told my folks to leave it all to my brother's kids, I won't need it.

nollag2006

Harry_Powell wrote: »

A lot of grandparents are bypassing their children and leaving money to grandkids. The logic being that the grandkids are just starting out and need the assistance, whereas the kids are already astablished and the money would just feather their nest.

I've told my folks to leave it all to my brother's kids, I won't need it.

That is certainly what we have done within our family. My parents plan to leave everything to their grandchildren.

Lucky little sods! I never got nowt in a will from no-one !!

vivatifosi

Exocet wrote: »

Well we decorated for ourselves rather than Joe Public. The flooring came from a local quarry.

The flooring came from a local something alright, though I'm thinking more in terms of oil storage depot in the form of base ingredient for lino than any stone quarry...

...Sorry if I offend newbie member

fc123

HAMISH_MCTAVISH wrote: »

Indeed.

Nature has devised the perfect weath redistribution device, whereby 100% of the wealth in the world is redistributed to younger generations upon the inevitable death of the older generations.

What nature neglected to do was create a device that stops the younger generations from being ungrateful little sh1ts anyway.

Not all if inheritance tax kicks in though...then the nice Govt in power at the time get's a bonus........so the ''wealth'' reduces each time it's passed down.
I haven't had the time to watch Ruth Watsons Country house rescue yet but her Hotel Rescue shows were great telly....but some may be have problems as they can't just survive in them unlike back in the olden days.

OH will inherit little, if anything and on my side it is going straight to the grandchilden (as is the family tradition).....snag for us is my parents (though re-married) are much 'wealthier' than my grandparents were...so when I inherited 10k some years back it wouldn't have bought a house, just a deposit. My own kids could inherit a small house each once it is divvied up.....but all depends on lots of things...like how long my parents will live for as they are a lot healthier than my grandparents.

lostinrates

I'm another whose family planned to give it to the grandkids.

The other thing to consider as a recent social change is how much more complicated families are. e.g. the parents of my father's grandchildren are not his children but a step child, already adult when he came on the scene. While, as part of a cohesive whole in our family it was natural it would be they who received, in many family's it wouldn't be. Also current is if my parents split the grandchildren who are politely trying not to expect stuff from grandparents but who have been somewhat spoiled, are potentially going to be ''disappointed'' in a practical point of view as well as emotional one.

fc123

lostinrates wrote: »

I'm another whose family planned to give it to the grandkids.

The other thing to consider as a recent social change is how much more complicated families are. e.g. the parents of my father's grandchildren are not his children but a step child, already adult when he came on the scene. While, as part of a cohesive whole in our family it was natural it would be they who received, in many family's it wouldn't be. Also current is if my parents split the grandchildren who are politely trying not to expect stuff from grandparents but who have been somewhat spoiled, are potentially going to be ''disappointed'' in a practical point of view as well as emotional one.

I don't get it as if my son inherited now (aged 23) it would be a disaster......maybe my fault as his parent? But it would just get wasted, blown, even if spent on property, he would use it a s a deposit rather than but something modest outright...he's also go off 'travellling'' (aka long holiday) for as long as could afford to....and I write this and realise I have turned into my mother...:rotfl::rotfl:

IveSeenTheLight

carolt wrote: »

Well, I'm sure his beneficiaries would be delighted that they were unable to afford a place until he was dead.

Because a situation in which young couples have to wait for their potential children's grandparents to die before actually being able to afford to start a family is ideal, isn't it? For both the potential parents and the never-get-to-be grandparents.

Obviously.

Please show where he said his beneficiaries couldn't afford a place of their own?
You don't half make a lot of things up don't you?

The percentage of owner occupiers is extremely high given historical evidence.
You could say that more people have been able to purchase property then before.