2nd home somewhere on the South coast

btloptingout

Northernsal

You can't exactly expect much sympathetic opinion when you come on here saying your parents want a 2nd home for a future retirement (some 15 years away) but are having trouble finding something affordable.

The very reason they are finding it difficult to source something affordable is because of people doing similar and owning 2nd homes. No one begrudges your parents material things particuarly if they have worked hard for them.....but property is more than just a material asset.

For every person who desires/deserves a 2nd home, a FTB has a property removed from their affordability range. Many of those potential FTB'ers are posting on here.

I'm not going to preach to you on the morality of the situation.....but if you can't see even the remotest reason why people might be upset/emotive with multiple property ownership then you pretty much deserve the venom others are willing to throw at you on here.

btloptingout

SquatNow wrote: »

Those now in their 50-80s didn't actually pay very much tax. In fact they paid far FAR less than they should have done the services they received. This was acheived in 4 ways:

I don't normaly go for these "boomer-bashing" emails but the fact of the matter is that everything SquatNow has said in this mail is quite true.

However the same is still happening today....we are deferring the payment for goods hoping that a future generation will pick up the tab: PFI, Gold sell-off, public-sector pensions the list goes on and on.

moneysaver12

what ever happened to staying in hotels, surely that way they would be helping business too, i don't know why people need a second home when there is people out there struggling to get their first home. Why can't they buy a home there in 15 years

SquatNow

In march 2006 the estimated figure of civil service pesnion debt was... wait for it.... £1 Trillion.
http://findarticles.com/p/articles/mi_qn4158/is_20060309/ai_n16161931

In 2007 there are an estimates 31,600,000 eligable PAYE taxpayers.
http://www.hmrc.gov.uk/stats/income_tax/table1-4.pdf

So our parents generation left us a civil service pension bill of £31,645 per person... and those are conservative estimates, assumig that everyone who can work, does, and older people don't retire and instead keep working and paying PAYE. And the estimate is 2 years out of date... will be higher now.

Hapless_2

northernsal wrote: »

Well, hopefully one day can be as bright as you.

If they don't want to move, RENT, DO A SECOND JOB AND SAVE!!!!!!!!!!!!!

So a bloke doing a 45hr week for £15,000 pa can just get a second job can they? Doing what?
Rural, remember.
Rents ave 2 bed house £650 per month, most expensive water in the country, high council tax and one of the lowest waged areas.

IF A BINMAN CANNOT AFFORD THE RENT BECAUSE OF HIGH HOUSE PRICES AND HAS TO EITHER MOVE AWAY OR CHANGE JOBS WHO WILL EMPTY THE BINS???? IF ONE BINMAN CAN'T AFFORD TO LIVE HERE NO OTHERS WILL.

Neither will nurses, shopkeepers, bus drivers, road workers, farm workers, street cleaners,etc.
With the rising cost of fuel driving to work is also not an option.

And people wonder why Devonians and the Cornish despise 2nd home owners.

Hapless_2

If you want a holiday home, buy a darned caravan on a static site! Then buy a retirement house when the time comes.

btloptingout

Hapless wrote: »

If you want a holiday home, buy a darned caravan on a static site! Then buy a retirement house when the time comes.

Absolutely.....or alternatively buy a campervan and spend their leisure time touring the south coast......after a few years touring they will have found the perfect spot to retire hence they can sell their manchester home buy a substantial single property in the south and have a happy retirement.

Pobby

o a bloke doing a 45hr week for £15,000 pa can just get a second job can they? Doing what?
Rural, remember.
Rents ave 2 bed house £650 per month, most expensive water in the country, high council tax and one of the lowest waged areas.

IF A BINMAN CANNOT AFFORD THE RENT BECAUSE OF HIGH HOUSE PRICES AND HAS TO EITHER MOVE AWAY OR CHANGE JOBS WHO WILL EMPTY THE BINS???? IF ONE BINMAN CAN'T AFFORD TO LIVE HERE NO OTHERS WILL.

Quote Neither will nurses, shopkeepers, bus drivers, road workers, farm workers, street cleaners,etc.
With the rising cost of fuel driving to work is also not an option.

And people wonder why Devonians and the Cornish despise 2nd home owners

.
As someone who has lived the last nigh on 20 years in Devon and Cornwall I can sympathise with the locals who feel that they are priced out of the housing market.!5k a year for a 45 hour week is about right for many.

Thankfully we own our modest home so are pretty much intact from what is happening to house prices.We have a joint pre tax income of currently(as business is getting so much worse) around £35k a year.

As baby boomers(gosh I have admitted it) we dutifully paid into private pensions which have turned into rat s-it and are desperately trying to shove away cash to provide a decent standard of living.

As an oldie,I really have so much sympathy for the younger folk now.My lad was fortunate to buy in the mid 90s and has a well paid job but many I know have not enjoyed such a good position.

Frankly(oh my goodness,sounding so old) younger people are fed so much c-ap,the celeb rubbish,plasma this,you won`t be trendy unless you spend £3 on a cup of coffee,I`m a complete and utter tw*t get me out of here,and so on.Now couple the dream world of owning the latest Beemer,financed by a loan company whose thinking is based on sheer madness and you have a problem.

Thank the lord I ain`t young anymore.Hopefully I will creep off to retirement not having to worry about the choice of staying warm or eating that day.

I have traveled a fair bit throughout America and Europe.I just wonder why i have come to despise the country of my birth?

trulysaintly

As I think I've mentioned on another thread, the 2nd home market is pretty much the same as the BTL one at the moment.

Far too many jumping on the bandwagon with the hope of making a killing - as always, once its in the general public domain, the prime time for making money has already passed.

It's such a shame that our politicians don't fight the corner of rural communities - the fact that political parties rarely pick people who have grown up in the area for their candidates says it all....

I know for sure that our MP now on the Shadow benches was in the last chance saloon - if he couldn't win the safe seat in New Forest after failing elsewhere, he was on his way....fair play to him, at least he's visible - more than some!!

northernsal

btloptingout wrote: »

You can't exactly expect much sympathetic opinion when you come on here saying your parents want a 2nd home for a future retirement (some 15 years away) but are having trouble finding something affordable.

If you read the original post you'd see that I never ever wanted sympathy. I wanted recommendations of places on the South Coast for £180,000. Trulysaintly and frannyann are the only ones that actually bothered to answer the question without jumping on the 'we hate second home owners bandwagon!!'.

The very reason they are finding it difficult to source something affordable is because of people doing similar and owning 2nd homes. No one begrudges your parents material things particuarly if they have worked hard for them.....but property is more than just a material asset.

For every person who desires/deserves a 2nd home, a FTB has a property removed from their affordability range. Many of those potential FTB'ers are posting on here.

Did you consider these FTB'ers when as your username suggest you bought your BTL's and now flogging them cos they're not making you enough £££££

I'm not going to preach to you on the morality of the situation.....

Yes don't...

but if you can't see even the remotest reason why people might be upset/emotive with multiple property ownership then you pretty much deserve the venom others are willing to throw at you on here.

:eek: :eek: Oh dear.....someone says something people don't agree with on a DISCUSSION forum and they deserve venom (adj spite, hatred) thrown at them do they? God you'd have to be a pretty bitter person to wish that upon a user that has different views than you on a discussion forum...it's a place to share views and ask questions - I disagree with the majority of the responses posted but certainly wouldn't think a user with a different opinion to me 'deserves venom thrown at them'.