2nd home somewhere on the South coast

IveSeenTheLight

SquatNow wrote: »

Those in their 50-80s had the highest standard of living in the history of the human race, and it's probable that no generation in the future will ever enjoy such a high standard of living again.

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
I'm sure it was a ball, living on rations and living through 1 or 2 world wars.
Add to this all the stories I read about how old people do not have a pension enough to put on the heating etc.

I do think that maybe people in their 50's - 60's have had a reasonable life, grew up with the beatles as the pop band, elvis was king, many parties etc, but I also know from my parents and in-laws that they really struggled to get a mortgage.
They benefit now because the mortgage is very very low compared to todays standards and wages and therefore can now enjoy their lives even more

Take a look around you and assess how the 70 - 80 year olds are living and then re-read you comments. I'm sure if you open your eyes you will see how laughable they are.

As for me, I'm in my early 30's, so am at a disadvantage from your argument point, but actually I think I am in a very good position whereby I can definately pay off my mortgage in the next couple of years.
How can I achieve this in todays depressing world you describe, because I got out there and worked hard for it, as did my wife, we both earn average salaries so it can be done, if you are willing to go out there and do it.

I think you are the type of guy who will pick holes in anything, just to moan about it. If your looking for sympathy, I'll give you some. I feel sorry for you that you live this way instead of enjoying life to the full

IveSeenTheLight

seven-day-weekend wrote: »

Fifty years ago most people rented.

Why though? Was it because they couldn't afford to buy or that was their choice.
If it was because they couldn't afford to buy, is it so different from what many are describing in today's world? A country where you have to rent because you cant afford to buy.

Is this the norm?

Are we spoilt because there is a generation who could afford to buy?

IveSeenTheLight

btloptingout wrote: »

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.

First of all, nobody deserves venom thrown at them, period.

I can understand your points above but let me ask you a different question, how many properties are available for rent as opposed to say in the 50's (or even further back if you like)?

I do not have the figures but I would hazzard a guess that actually there are less properties per population for rent than there was back then.

The difference is that before the properties were run by councils and now they are more with landlords.
Is this a landlords fault? or are they providing rental accomodation for those that can't afford to buy since the council started selling off all their properties.

People on here quote that every 2nd house buyer is reducing the amount of properties for FTBers, but are they not just maintaining the rental property availability for those that can't afford to buy?

Many people on here recommend selling property and renting because they believe the end of the housing bubble is nigh (see I didn't mention crash, ooops!!!) but how can you have it both ways with people selling to rent but nobody buying to rent?

I believe it will all sort itself out, it may take a few years but it will sort itself out. There are many ways for this to happen and hopefully we become a happier society for it.

seven-day-weekend

seven-day-weekend wrote: »

If the OP's parents have saved up £180,000 why on earth should they not spend it on whatever they wish??

.

I just want to qualify my statement a bit.

I have nothing against people having spending money on another home if they have worked and paid for it themselves.

However, I do not believe it is right to leave them empty most of the year.

I think the OP's parents should wait until they can spend a good hefty chunk of the year there before they buy.

IveSeenTheLight

seven-day-weekend wrote: »

I just want to qualify my statement a bit.

I have nothing against people having spending money on another home if they have worked and paid for it themselves.

However, I do not believe it is right to leave them empty most of the year.

I think the OP's parents should wait until they can spend a good hefty chunk of the year there before they buy.

I agreed with your original statement

seven-day-weekend wrote:

If the OP's parents have saved up £180,000 why on earth should they not spend it on whatever they wish??

It's their money, they can do what they like with it and if that is buying a second property to use at the weekends / once a month / once a year then that is up to them.

They have their cash and they can do what they like with it.

Too many people are getting hung up with others who are buying more than one property, when they should be looking for the government or builders to make available more properties to supply the demand.

Its their money, they can do with it what they like (legally of course) and it has absolutely got nothing to do with anyone else on this forum or indeed anywhere else.

Good luck to the OP's parents, those who disagree can dry their eyes

oldMcDonald

seven-day-weekend wrote: »

Fifty years ago most people rented.

But I believe that renting was a much different ball game then.

I can't remember the full details, so I may be wrong, but I do know that all the 'older' generation who were renting when I was younger were certainly not under the threat of having to move every six months when a tennancy ran out.

I don't believe that (private rather than social) renting offers the same security that it once did, and this is why so many people are wanting to buy. Having spent many years myself renting privately, it was a nightmare. Several landlords tried to up the rent by a huge amount at the end of the rental period, one wasn't passing the money on to the mortgage company and they started to reposess whilst we were there, many feel that it is their property so they can let themselves in when ever they feel like it - regardless if they have notified you or even if you are there.....and as for getting the full 1 or 2 months deposit back.......

If you get one of the good, and sadly rare, landlords then renting can be a reasonable alternative to buying. Sadly, most of the landlords that I have had have not been good landlords.

trulysaintly

The issue with Maggie Thatch's Right to Buy system was the fact that since it was started, no suitable amount of replacement Council Housing was built.

Which in turn created the opportunity for the Shared Ownership con currently peddled by enthusiastic Housing Associations.

The Council Housing system was fine - the issue with properties that do remain in this sector is that local councils don't seem to complete proper rental reviews!!

I know in my area of many 2/3 bedroomed Council properties, where they are occupied by elderly single occupiers.

Now, there are two sides to this - firstly, there will be people who say, why should the single occupiers be moved?

I feel that Council Housing now, is seen as a 'home for life' - which is fine, but the single elderly occupiers should be offered alternatives.

The sad thing is, while they're struggling to heat their large house, there's going to be a family down the round squeezed into a one bed flat.......

ruggedtoast

seven-day-weekend wrote: »

If the OP's parents have saved up £180,000 why on earth should they not spend it on whatever they wish??

I don't know the South Coast well, but Seaford (next to Newhaven) is quite nice.

Oh yes. Peoples "right" to spend their money on whatever they please and to hell with the consequences to others.

What about a young working couples right to not be completely priced out of having a small modest home to have kids in within 100 minutes drive of where they work and a school?

Oh dear you appear to have a job, no council housing for you. Oh dear is that all you earn, forget about getting a home.

House price inflation is crippling this country. And frankly its obscene the burden of tax that younger people have to pay to provide services to smug pensioners with their million pound houses that will be completely non existent when we are retirees.

seven-day-weekend

ruggedtoast wrote: »

Oh yes. Peoples "right" to spend their money on whatever they please and to hell with the consequences to others.

What about a young working couples right to not be completely priced out of having a small modest home to have kids in within 100 minutes drive of where they work and a school?

Oh dear you appear to have a job, no council housing for you. Oh dear is that all you earn, forget about getting a home.

House price inflation is crippling this country. And frankly its obscene the burden of tax that younger people have to pay to provide services to smug pensioners with their million pound houses that will be completely non existent when we are retirees.

I have expanded on my post a few posts further on.

It would be better if there were only certain housing available as second homes, whilst others was only available to local people, or people moving into the area to work.

But this is down to Government and Council will.

(I would also like to add that although I have two homes - one in England and one in Spain - neither of them is a second or holiday home, neither of them is worth more than £150k....oh, and my son can't afford any housing either, whether bought or rented).

Pez2

IveSeenTheLight wrote: »

Its their money, they can do with it what they like (legally of course) and it has absolutely got nothing to do with anyone else on this forum or indeed anywhere else.

Yep, that's right, sod everyone else!

With attitudes like this, it's no wonder this country's on the skids.