Right to buy (parents house)

davemorton

Could you not give them 15% each, so that when they need to buy this flat, they dont have to use their hard earned savings, and instead can use it to enjoy their retirement?

Akob

I say good luck to you. If your parents understand the pros and cons and want to go for it then go for it! Don't understand the negativity here. Most parents primary concern is their children's future and that is exactly what they could secure with this deal.

Go for it! Good luck!!!

borkid

tyty21 wrote: »

Losing my job- I am in a professional career and so I don't see that happening !

So was my daughter until she became ill and so far no cure. You never know what will happen. You do need to consider all possibilities however unlikely they may seem.

Icequeen99

I have just got a mortgage, one of the conditions is that the house is my main residence. If you move out then that could be a problem for you if you plan to move out.

IQ

ampersand

Your parents' decent income, plus your career level salary put you in a good position to build and let a property to a family displaced from the social housing you currently inhabit.
#
from #30:
'Op people would have more respect if you would be honest!' -

No, not even then.

tyty21

charlieismydarling wrote: »

Presumably other parents give their children money which is theirs in the first place, this money you talk of is actually a rare public resource.
This just keeps coming up. It would be less tiresome and irritating if only people would be honest and not try to dress up a monumentallay selfish and greedy act in a veil of altruism and caring for their future.

A more honest post would be like this.

My parents are sitting on a gold mine. Having been lucky enough to obtain a council house when they were allocated in accordance with the principles that they were originally built for I would like to get my share of this good fortune.
They can't afford to buy it. I can. I get the massive discount and can easily afford to charge them a small rent, win win, don't you agree. When I come to sell they get a small amount, thereby encouraging them to think that they get to win too.

We have been lucky to live here cheaply for years and see no reason to pass this resource on yo people who really need it because we would like to screw every last penny out of this. Additionally my parents can't give me any money like my friends parents do and this is the next best thing. Why can't I take take take, everybody else does.

Op people would have more respect if you would be honest!

What difference does it make that the money comes from a 'public resource'- so by your logic all those parents who have been able to afford to give their children money through having gold plated public sector pension schemes or through higher earnings they were able to derive from free education- actually that isn't really their money to give? Obviously not- your position is nonsensical. The right to buy their house is legitimately theirs, regardless of whether it is mandated by government policy.

Your attempt at summarising the situation clearly demonstrates your inbuilt prejudices. My parents got their council house at a time when they were plentiful so there was nothing 'lucky' about obtaining it. They have then been unlucky in not being able to afford to buy it or another home that would have seen the value of that purchase skyrocket. I am unlucky to be living in an era where it is neigh on impossible to get onto the housing ladder (seen against a backdrop of those of an older generation having made untold riches with a government policy still very much to their benefit). I can't get the 'massive discount', they can get a discount on the house that I can share in as I live there. You may view it as a small amount but they certainly don't and it is a damn sight larger than the no amount they would have otherwise have got.

By helping them buy the house it would allow them to buy a small flat or bungalow else where thereby freeing up this house for a family that actually need the space so your 'pass on this resource' point, again makes no sense.

Perhaps you would do better refraining from trying to summarise the position of other people when you are so demonstrably ignorant of the facts.

tyty21

ampersand wrote: »

Your parents' decent income, plus your career level salary put you in a good position to build and let a property to a family displaced from the social housing you currently inhabit.
#
from #30:
'Op people would have more respect if you would be honest!' -

No, not even then.

This comment is ridiculous on a first read. When read with the knowledge that the entire purpose of right to buy is to enable councils to release funds in order to build more social housing, it is even more so.

kingstreet

August 2015 to February 2017.

Is there really much point taking issue now?

Norman_Castle

tyty21 wrote: »

This comment is ridiculous on a first read. When read with the knowledge that the entire purpose of right to buy is to enable councils to release funds in order to build more social housing, it is even more so.

Did you nod off for two years?

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