Originally Posted by kaycee:
“That isn't as easy as you might think. My older family members have been trying to downsize from their 3 bedroom semi to a 2 bedroom property for the past 4 years. To start with there are very few 2 bd props around so prices remain at a premium, and by the time they have forked out the nigh on £20,000 it costs to move (solicitors, surveys, estate agents, removal vans, etc) they would need to take on a mortgage which is impossible for couple in their 70s.”
“That isn't as easy as you might think. My older family members have been trying to downsize from their 3 bedroom semi to a 2 bedroom property for the past 4 years. To start with there are very few 2 bd props around so prices remain at a premium, and by the time they have forked out the nigh on £20,000 it costs to move (solicitors, surveys, estate agents, removal vans, etc) they would need to take on a mortgage which is impossible for couple in their 70s.”
The majority of the lump sum you pay out when you move is estate agent's fees so they're built into the sale price. Removals van, conveyancing fees etc are small beer by comparison. We've all moved house more than once I'm sure and are well aware of the costs.
Quote:
“Yes, houses bought years ago are worth thousands & thousands more than the original sale price, but unless people managed to buy outright using cash, then the original price is not what they will have paid in real terms. At one time interest rates were up to 17% - unlike todays almost nothing - and multiply that by the average 25 years, and you'll find their houses were not that cheap after all.”
“Yes, houses bought years ago are worth thousands & thousands more than the original sale price, but unless people managed to buy outright using cash, then the original price is not what they will have paid in real terms. At one time interest rates were up to 17% - unlike todays almost nothing - and multiply that by the average 25 years, and you'll find their houses were not that cheap after all.”
Many have paid-off assets that are worth hundreds of thousands, a million plus in some cases and they complain just as loudly as the rest about free bus passes and TV licences. I'm describing my mum and all her friends there but with a hefty dollop of added racism. Guess which way they ALL voted in the referendum?
Originally Posted by skp20040:
“Very few pensioners are living a life of luxury as you feel they are...”
“Very few pensioners are living a life of luxury as you feel they are...”
I never mentioned "a life of luxury". You did.
Quote:
“.....and I have feeling when you hit say 65 you would be ok with being murdered by the state to free up a house and money for someone younger when you have worked all your life for yours.
Or maybe you will show how things should work and lead by example ?”
“.....and I have feeling when you hit say 65 you would be ok with being murdered by the state to free up a house and money for someone younger when you have worked all your life for yours.
Or maybe you will show how things should work and lead by example ?”
It was a joke. Someone laughed at it. Do you know what a joke is?
”
