Preparedness for when

Frugalsod

GreyQueen wrote: »

I've long thought that the multi-generational family home will be making a comeback.

Know one family of three generations of women; early twenty-something unmarried woman, her divorced mother and her own very elderly mother. Know of single parents raising their children in their own parents' home after marital breakdown. Fair amount of it going on already.

Got to make sense as a way of giving and receiving family support, as well as keeping costs down. The single family home is a historical anomaly in most parts of the world, after all.

What we need is to be rich enough to have our own dower houses (and our own staff). I'd lend you Nursie, but I kinda like you and that would just consititute random cruelty. :rotfl:

Multigenerational households are already becoming the norm in the USA. I suspect that it will be a matter of time before it happens here. I think I will move in with the parents if they need nursing care as putting them in a home will basically rob us of the family home, plus there is no guarantee that they will be treated well in a nursing home.

jk0

GreyQueen wrote: »

:rotfl:
Whatever happens when you turn the mattress? Do you have to learn to key in your numbers upside down?!:rotfl:

Ahh, presumably so.

Frugalsod

Bedsit_Bob wrote: »

How would you get heat and/or light, from unlit candles :huh:

You clearly have never heard what misers do in cold weather. Sit round a candle. What do misers do in very cold weather? Light the candle. :beer:

thriftwizard

I'm halfway considering the multi-generational home thing; I still have two (adult) kids at home and one possibly moving back in, with partner. And my stepfather's terminally ill, and my bright & lively party-bunny mother isn't going to cope well with being on her own; she's struggling mightily, though trying valiantly not to show it, with him being asleep most of the time & very confused when he isn't. Seems to me that combining resources & buying somewhere with enough space for all of us might be the way to go... then, when she herself needs more input, we're right there to help.

I've worked in senior care & really wouldn't want to see her in a nursing home; it only takes one bad apple amongst the staff to turn it into a horrible experience. And sometimes they're very subtle, very charming, very friendly, very believable; their victims aren't believed because they're elderly, maybe a bit confused, not even sure themselves... seen it happen. It took a very long time before anyone with any authority was alerted, because they didn't want to hear.

Mind you, it's entirely possible she'd rather die than submit to my somewhat-chaotic housekeeping!

Frugalsod

thriftwizard wrote: »

I'm halfway considering the multi-generational home thing; I still have two (adult) kids at home and one possibly moving back in, with partner. And my stepfather's terminally ill, and my bright & lively party-bunny mother isn't going to cope well with being on her own; she's struggling mightily, though trying valiantly not to show it, with him being asleep most of the time & very confused when he isn't. Seems to me that combining resources & buying somewhere with enough space for all of us might be the way to go... then, when she herself needs more input, we're right there to help.

I've worked in senior care & really wouldn't want to see her in a nursing home; it only takes one bad apple amongst the staff to turn it into a horrible experience. And sometimes they're very subtle, very charming, very friendly, very believable; their victims aren't believed because they're elderly, maybe a bit confused, not even sure themselves... seen it happen. It took a very long time before anyone with any authority was alerted, because they didn't want to hear.

Mind you, it's entirely possible she'd rather die than submit to my somewhat-chaotic housekeeping!

I have the same concerns about a nursing home. Plus the governments plans to seize homes to pay for care is another reason to care for them myself. Plus I know that my mum would have a tough time in a nursing home.

sorryImoved

When my MIL passed away we moved my FIL into our home. 2 years later he's doing well at age 89. When my mom was widowed we moved her into a rental property we have a few miles away from us. Since it's a duplex we are hoping our daughter will move into the other half. She just graduated from college and will be leaving her apartment in August. I like having my family close by.

GreyQueen

In the late nineties, my parents had several savings products mature in the space of a few months and the issue of what best to do with the money (£15k) arose.

They wanted to be able to offer a home to my Dad's parents (Mum's lot are long gone) but home is a small terrace with the only bathroom upstairs. They decided to have an additonal downstairs room built on the back, with a shower-room/ WC and ample space for a double bed if necessary.

It's never been used for its intended purposes, and is now a home office/ store room/ extra bathroom, but it has meant that their little house has now been given a degree of future-proofing against any difficulty with handling the stairs; it could be re-jigged to have their bedroom downstairs and the office upstairs, plus my brother lives with them so can provide support and security.

Inflation being what it has been, that £15 wouldn't buy now what it bought then, and the opportunity to do this would have been lost.

I think bringing people together under the one roof is sensisble. Not always easy, but sensible.

[Deleted User]

We're in the position to close off the top floor completely in the house if we have to. We have a really good sized lounge which is more than large enough for the dining table and chairs too and if needs be a double bed in a corner. That would make it look crowded but there would still be room enough for day to day living. We have a large kitchen 32 x 12 and enough storage for food and equipment. We have a utility room with a loo which could easily be converted to a bathroom as it's the same size and footprint as the actual bathroom which is directly above it. We have a room that was originally the dining room and is now a study which is amply big enough to use as a double bedroom and an integral garage which could be made very easily into another room if we needed it to. Should the need arise and one of the girls need to live here that would leave the whole upstairs area of 4 double bedrooms and bathroom to be thier flat area completely private and easily converted to include a kitchen, it's a boxy 70s build but sensible layout that would lend itself to conversion to our needs.

I've just been up and picked the first completely ripe outdoor strawberries, we've lots of peas fattening thier pods in the poly and I've had two good pickings from them already. We've set courgettes growing on in there too which should be big enough to start harvesting at the weekend and the redcurrant bushes we put in two years ago are absolutely laden this year as are the gooseberries. The asparagus has gone up to fern so I'll leave it be to strengthen and the globe artichokes are abundant and have many heads on which I'll eat some of and leave a few to flower as they have a lovely perfume and will dry to go in a vase for indoors in the winter. I think the polytunnel has been one of the most useful prepping things we've been able to do. At what is the 'hungry gap' we've a succession of crops coming ready to use much earlier than anything we've sown outside. Even if you can only accomodate a tiny one, it gives you a 6 week start to the season and a good 6 weeks at the end to keep produce viable too. You can overwinter cabbages and things like carrots and beetroot in them too and hardy saladings so very useful in every respect.

jk0

This interwebbing business reveals a new revelation every day. I was just reading an article about the Bank of England's paper on Money creation:

http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

One of the comments is as follows:

foolisholdmanSamvara20 March 2014 9:38pm

9

Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.Well, I doubt if they would stop the repayments, as that would lead to them questioning whether they had any more right to the property than the poorer people in social housing. There would probably be a scramble to justify and legitimate the process of handing over the magic wand.

Yes but they might well query the payment of interest on money that had been effectivly forged.

If you think about this the banks profits are not money as they can make as much as they like (Yes, I know there are some constraints!) so What are the banks profits? (Fords profits are not motorcars and as money is the banks product, money cannot be its profit..) As far as I can determine they are the land and other property that they foreclose on and the things they buy for their own use. E.g. magnificent extravagent buildings in desirable sites.

If you think about this, they are lending out one sum of money and demanding a larger sum in repayment, which is clearly impossible. This in turn means, that someone always has to default and lose his collateral.

It also means that there are bound to be "debt crises" from time to time. These crises are predictable, to the banks, because they happen when they stop lending freely. That is their harvest time. In the boom times they sow their debts and in the crunch times they reap their collaterals.

Cunning, innit ? Of course, the whole scam depends on the MSM not blowing the gaff.

I wouldn't have believed this was deliberate until a bank conned my uncle twenty years ago:

My uncle was a partner in a country hotel which was doing well. The bank kept offering my uncle's partner further funds to build more bedrooms. Unfortunately the mortgage was paid by the manager. The bank persuaded the manager to 'forget' to pay the mortgage one month even though there were funds available to pay it with. The bank repossessed the hotel, and revalued it at less than the value of the outstanding mortgage. The manager kept his job.

My uncle's partner spent years in court trying to prove this, but at each hearing the bank asked for 'security of costs' until the partner was broke and could no longer afford to sue.

Frugalsod

jk0 wrote: »

I wouldn't have believed this was deliberate until a bank conned my uncle twenty years ago:

My uncle was a partner in a country hotel which was doing well. The bank kept offering my uncle's partner further funds to build more bedrooms. Unfortunately the mortgage was paid by the manager. The bank persuaded the manager to 'forget' to pay the mortgage one month even though there were funds available to pay it with. The bank repossessed the hotel, and revalued it at less than the value of the outstanding mortgage. The manager kept his job.

My uncle's partner spent years in court trying to prove this, but at each hearing the bank asked for 'security of costs' until the partner was broke and could no longer afford to sue.

This is what RBS are doing to good businesses now. Asset stripping good businesses to bail out the banks. Just Google GRG RBS to see what I mean.

The problem is that our glorious leaders are allowing this to continue because they all want well paid banking jobs once they leave politics.