My kids will only ever own a property if their g/parents leave them massive amount

lesley1960

Just think, I could be earning money for my children's house fund instead of sat here on an MSE forum.



First sensible thing she has said?

seven-day-weekend

I loathe and detest the term 'property ladder'.

It's as though there is some law that says you HAVE to climb it.

What is wrong with just staying on the bottom rung, or (heaven forbid) not getting on it at all or even (gasps in horror) getting OFF it?

Why everyone wants bigger and more expensive houses and corresponding huge debt beats me.

We still have the same house we bought in 1976.

Although I must admit we bought our Spanish house from the proceeds of an inheritance:o - however, my husband had paid two-thirds of the cost of the ex-local authority prefab his mum left him.

If she hadn't left it to him, it would have been no big deal, would it? We'd just not have had a Spanish house!

peter999

It's not good to start thinking of inheritance money & spending it before or after death, until you've got it in your hands.
These things can take years to sort out.

peter999

Norma_Desmond

(QUOTE) -
If she hadn't left it to him, it would have been no big deal, would it? We'd just not have had a Spanish house!

Precisely! As far as I'm aware, no-one's ever died from not being able to buy a property!

Bogof_Babe

seven-day-weekend wrote: »

If she hadn't left it to him, it would have been no big deal, would it? We'd just not have had a Spanish house!

My take on that remark is that there is no "just" about it. I understand you live more or less permanently in your Spanish house, and probably enjoy a much nicer lifestyle than those who cannot aspire to the luxury of a second home in a sunny climate. Some people can barely afford the rent on a grotty inner city bedsit here, so you are extremely fortunate you know.

No offence intended, but it would be nice if you could count your very substantial blessings as regards your seemingly idyllic lifestyle, rather than just shrug it off as if the inheritance that enabled it was neither here nor there (no pun intended).

flybynight

my grandad is 86 this year and my gran is 85, they live in their own bungalow, they ahve both been retired as long as i can remember and have a decent pension. they are now in the position having worked hard all their life that they can do what they want and buy what they want.
i was chatting in the pub the other day with somebody about the fact that last time i popped over to visit my grandad commandeered me to look at new pcs on the internet ( i work in IT) as he wanted something "faster on the net" as his broadband connectio had been increased. last xmas i got a phone call aslking me to go shoping for plasma screens as me gran had seen them on the gadget show and was amazed you can get tvs that thin. and in the past 2 days he has been messengering me to chat about his new virgin media with tv channels and the sport ( i am benefitting from that one as he said when we visit i can wathc the extra sport he is gettin). these friends of mine ( they are about 28) were saying things like " arent you worried about them spending all of that" i thought they meant getting ripped off by salesmen or something and said i presumed thats why i had been asked. but htey actually seemed to be regardingthis as some kind of inheritance i should be watching / safeguarding. its quite a morbid idea and i jsut dont understand it. the way i see it is it is their money, they have worked for it, of course they should be doing good things with it for them. if my grandad wants to ge the first pint in when we go to the pub,i can now grab the second as i am working. grandparents are not there as a bank / investment to keep an eye on

cpu

Surprised to see this is still going.

I haven't read it all as I keep getting kicked out and then I frequently get 'page not found' so I can't go back through the pages.

Am I right in assuming no-one agreed with her or said she had a valid point of view?

I think this thread has been the most united MSE thread in along time. :beer:

margaretclare

Hi flybynight

We are in a similar position to your grandparents although a decade younger - we're early 70s. My DH is a volunteer who helps older people get on the net. He's just been talking to a man in his 80s who was having difficulty with his webcam and speakers. Now the reason he wants all this technology is to talk to the grandkids at the other side of the world, and this applies to a lot of his generation, who have relatives in far-flung places. I myself have relatives on 4 of the 5 continents.

I applaud your attitude but, I am sad to say, the fact that this thread was started highlights the fact that there are people out there, not only in your pub, who DO regard older people's money as 'their inheritance' and something they have a right to. You see this attitude in spades whenever the topic of 'saving parents' assets from being squandered on their care' comes up. The mere idea that spending a person's own money on greater choice, comfort and convenience in paying for their care needs rather than throwing them on the council's mercy, really does make me see red.

Your grandparents seem to be very 'with-it' and, good for them! They are a living contradiction to some of the stereotypes - 'oh, the older generation can't get to grips with new technology, they want what they've always been used to' etc. Not necessarily the case at all!

Margaret

balmaiden

A friend of mine and her husband are very wealthy,thanks to her husbands hard work with his own construction business. She has one brother who has one daughter,both of whom do not own their own homes and have little or no money.
The friends parents told her years ago that she and her two sons would be left nothing in their will as she doesnt need anything. Very true, but said freind has confided in me how very hurt she feels for herself and her children as she says "being the eldest i was the one that went without as a child while my parents were buying their house " by the time little brother came along they were more finacialy stable and he didnt suffer the same hardships,as in worn out shoes secondhand clothes which made her the but of school jokes.
Her point being that she feels that she would like it acknowledged that she was and is cosidered equal in her parents eyes as there was a time when by " going without " she helped her parents to be where they are today.She in all probability would give her share to her brother.

Who knows maybe other posters bil was in a similar position, first born did without etc.

Charis

ianian99 wrote: »

and of course a rope around your neck for 25 - 30 years.

Whereas rent, rising all the time, is a delight to pay until you die?