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

Mozette

Anyone else hope they leave the lot to the dog's home or something, or am I the warped one here?

Hayley_McKenna

Im a FTB and honestly can't believe what I am reading! People in my position are not looking at 200k houses! To be honest I wouldnt want that. Its nice to have the help and support from family members but really - would I like my mother to put my uncle in the positon you are talking about?! I am pleased to say that me and boyfriend work extremely hard and as a result can afford a house - which isnt so far out of reach as some people make out.

Some people need a reality check as to where you live - it surely aint on this plannet.

THANK GOD YOUR PARENTS-IN-LAW ARENT READING THIS IS ALL I CAN SAY - OTHERWISE YOU, YOUR HUSBAND AND CHILDREN WOULD BE WRITTEN OUT OF ANY WILLS MADE!!!!!

Melissa177

I actually think the OP could be creating a problem for her children with this approach - they will grow up without realising the value of anything, or that things have to be worked for.

ukbondraider

Regardless of what people say times will change and in my opinion buying a house will be a thing of the past for the average folk. There will be a time where renting will be so expensive that a decent job will be required just to rent a place. Rising house prices is the start of this. The best you can do whatever happens in the future is to ensure your kids get straight A's for their school grades and go to a decent uni. I wouldnt be concerned about saving them a deposit. I would be concerned about making sure they have the right headstart to be able to make their way through life themselves. If this means beating them occasionally and locking them up in their bedrooms with a library of books then so be it. What I wouldnt do, unlike most parents in this country, is to let them do what they want when they are kids, rely on the school to get them good grades and to let them turn into chavs/yobs.

Kez100

The best thing we can all give our kids is love, a love of all things free (sunny skies, the coutryside) and an education. Allow them to take what life offers and run with it....

There seems an underlying impression given here that money leads to happiness. It does not. The happiest person I ever had the pleasure of knowing was my grandfather. A fisherman who, later in his life, managed to live and save on a state pension only. He was the happiest person alive.

I also disagree about straight A's -some kids are just not academic. Where I live most people are self employed and they make more than the employed - even the professional employed. What they do need, if they haven't got it, is self motivation to succeed.

EliteHeat

ukbondraider wrote: »

Regardless of what people say times will change and in my opinion buying a house will be a thing of the past for the average folk. There will be a time where renting will be so expensive that a decent job will be required just to renting a place.

Opinions do not change macroeconomics. Lucky that.

cattie

Perhaps I should be a bit thankful instead of sad that I'm never going to be a grandparent. At least I shall never run the risk of being viewed as somekind of huge savings piggy bank for them.

real1314

Ok, my opinion, and don't take this the wrong way...

you seem to be more jealous of your brother's financial situation than you are concerned about your kids potential inheritance.
You said you wouldn;t mind if the gramps spent it on themselves, so your kids wouldn't have anything then.
And if you get half of £400k, then YOU could pass £100k on to each of your kids, giving them the option to buy a property worth say £150k which is more than enough to buy a starter home almost anywhere.
you'd have more than enough to help them out, and you're mortgage free anyway.

but your bro' will still have stacks of cash. so will footballers, tv celebs and lots of other people. that's life. but I think this is the root of your concern.

and just to add, your starter house price expectations seem bizarre:- £60k deposits and £200k house prices?

Round my way you can get starter homes in reasonable areas for £80-90k, ok it's higher elsewhere, but starter homes are not always in the best areas, and are not always a 3 bed semi.

My mum brought me and my bro up in 2 bed terraceds and continued in one herself until about 5 yrs ago.

Melissa177

ukbondraider wrote: »

Regardless of what people say times will change and in my opinion buying a house will be a thing of the past for the average folk. There will be a time where renting will be so expensive that a decent job will be required just to renting a place. Rising house prices is the start of this.

Hang on - the market determines the price of a house. So if no-one can afford to buy, who will buy the houses to keep the market value astronomical, as you describe?

A house is worth what someone is prepared to pay for it. If no-one is prepared to pay the high price, then the price will go down.

Melissa177

Can I ask the OP what her parents did to help her and her husband secure a house with a huge deposit down? There seems to be a very strange expectation that has been built here.