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Debate House Prices


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House or education

macaque_2
macaque_2 Posts: 2,439 Forumite
edited 1 June 2011 at 10:04PM in Debate House Prices & the Economy
Given the problems that young people have today getting a decent roof over their heads and the lack of jobs for even well qualified graduates, where would your priorities lie?

If you had to choose between the two would you give your children: 63 votes

A poor education and a nice house
17% 11 votes
A good education and no house
82% 52 votes
«134567

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Dunno. I've had a poor education and have no house, so not really qualified to have an opinion on this :)
  • Mrs_Arcanum
    Mrs_Arcanum Posts: 23,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A good education is more likely to allow you to afford a good house. Alternatively it may also give you the opportunity to improve a bad property.
    Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits
  • diable
    diable Posts: 5,258 Forumite
    Where is the option for no education and no house?
  • shop-to-drop
    shop-to-drop Posts: 4,340 Forumite
    diable wrote: »
    Where is the option for no education and no house?

    Why would anyone choose that?
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    typical of modern education standards
    dumbed down questions with dumbed down choices

    stand in the corner with a 'D' hat
  • diable
    diable Posts: 5,258 Forumite
    shop-to-drop wrote: »
    Why would anyone choose that?

    May not be a choice in this day and age...........
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    diable wrote: »
    Where is the option for no education and no house?

    Or even a nice education and a poor house.

    The point is, this is not a sensible question. Like asking would you rather have the best i-Pad going, or be a Frenchman. They don't really relate.

    If you have kids, it's brainlessly obvious to prioritise their education [but not to some in this country!]. As to whether you should buy a house in the first place - let alone bequeath it to the kids - then that's a totally different issue. Once you have two or more kids, you aren't really leaving them a house anyway. You are leaving an asset that is likely to be sold for cash - since with an education they will have their own house anyway.

    My own strong advice is not to have kids! If everyone followed my advice, it would ultimately solve most of the world's problems forever. Guaranteed!
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    i'm one of two. i was the first and only one in my family to go to university and got some parental help with that (although fees were free back in the 1990s so it wasn't as much as might be needed now to avoid debt). my sibling got help with getting her first house. she has a lot more equity than me and for a while earned more too but now my earnings are higher. personally i would choose my life over hers but she'd probably say the opposite. it depends on the personality of the child and what will make them happy. i was more of a rebel and needed a mental challenge as well as not wanting a fixed abode for most of my 20s. material stuff and security meant little to me.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • Idiophreak
    Idiophreak Posts: 12,024 Forumite
    10,000 Posts Combo Breaker
    Teach a man to fish...
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    Education is a parent's responsibility, providing a house isn't.
This discussion has been closed.
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