Antiques Roadshow

wotsthat

Graham_Devon wrote: »

Simple fact is, it aint gonna help with first time purchases. Most people inherit when they are around 50-60 years of age.

..and by 50-60 you'd hope to be mortgage and rent free? How old will your kids be when you're 50-60 - first time buyer age? Aren't you going to help them even though you've just copped an inheritance?

I've just seen it happen with one of the in-laws. Grandmother died a few months ago leaving a house and money that was inherited by her sons. The son I know is mid 50's, mortgage free and bimbling along to retirement quite nicely.

His daughter is just trading up having previously bought at peak. Her dad's subbed her £20k which has made all the difference to what she can buy. Not a single person bothered to calculate whether she would have been better off if Granny's house hadn't appreciated in value - the maths is interesting but the result irrelevant to their current positions.

The best thing people can do is to position themselves so any inheritance if/ when it comes is nothing more than a brucey bonus.

Graham_Devon

wotsthat wrote: »

..and by 50-60 you'd hope to be mortgage and rent free? How old will your kids be when you're 50-60 - first time buyer age? Aren't you going to help them even though you've just copped an inheritance?

Wow - change the context and add a condescending smug line, why not....

You were talking about parents and their kids. Now you have changed it to grandparents and their grandkids.

Make your mind up.

ukcarper

Graham_Devon wrote: »

Wow - change the context and add a condescending smug line, why not....

You were talking about parents and their kids. Now you have changed it to grandparents and their grandkids.

Make your mind up.

Would you like to pick up on my point and explain how I have gain practically from the HPI.

wotsthat

Graham_Devon wrote: »

Wow - change the context and add a condescending smug line, why not....

You were talking about parents and their kids. Now you have changed it to grandparents and their grandkids.

Make your mind up.

Yes Graham - if you ignore the fact that I explained how it's 'gonna' potentially help FTB's.

Chances are I'll never convert my house into cash. My heirs will do that - doesn't really matter whether they're children, grandchildren or I give it to a dog's home.

Apart from being able to benefit from better and increased lending or something to brag about at homeowner dinner parties I'm not going to benefit that much personally.