myersbg 1,355 Posted August 4, 2017 Report Share Posted August 4, 2017 After much deliberation and head scratching me and the misses have decided we are going to buy the council house that we have lived in for over 30 yrs, i have never really agreed with the sale of social housing as i believed that once they have all gone there would be nowhere for the kids to live, the house prices here {the lake district} are ridiculous with x council houses selling at over two hundred thousand a peice, problem now is most of the young locals don't get a look in at the houses as they are still filling them up with eastern europeans, 5 council houses in our st have polish families in them. So now i have got that bit of my chest, am i mad at 54 yrs old to even think about taking out a mortgage ? we can get the full discount off the house which turns out at just short of grand discount, the mortgage is roughly about £40 a week more than we pay rent but the rent will keep going up, i have nearly convinced myself that it is the [BANNED TEXT] thing to do and it is the only way that my offspring have of ever getting a house round here. At least the sausageRolls wont get there hands on it. look forward to your views. Quote Link to post Share on other sites
Welsh_red 4,401 Posted August 4, 2017 Report Share Posted August 4, 2017 Buy it even if it's just for your kids 4 Quote Link to post Share on other sites
neems 2,406 Posted August 4, 2017 Report Share Posted August 4, 2017 Nothing at all wrong with wanting to own your own place,if anything your doing the nation a service by ensuring there's one less house to be filled with immigrants in the future. 1 Quote Link to post Share on other sites
walshie 2,804 Posted August 4, 2017 Report Share Posted August 4, 2017 It's a no-brainer. Buy it. Quote Link to post Share on other sites
antg 1,735 Posted August 4, 2017 Report Share Posted August 4, 2017 Buy it even if it's just for your kids as above. buy it. you are paying rent which is dead money. at least when you are buying it you will have something instead of the council getting your money. nice nest egg for when your older Quote Link to post Share on other sites
myersbg 1,355 Posted August 4, 2017 Author Report Share Posted August 4, 2017 We have probably paid for it twice allready. Quote Link to post Share on other sites
Qbgrey 3,991 Posted August 4, 2017 Report Share Posted August 4, 2017 buy. Quote Link to post Share on other sites
Kay 3,709 Posted August 4, 2017 Report Share Posted August 4, 2017 I went in for buying my place when I was 21 & paid it off at 46 the feeling when I paid the last bit off was brilliant.. 250 quid a month better off .... if your mortgage is over a shortish period it will be paid off in no time Quote Link to post Share on other sites
kanny 19,677 Posted August 4, 2017 Report Share Posted August 4, 2017 Buy it ....not as late as you but I was 38 when I got mine best thing I ever did its better than any pension plan Quote Link to post Share on other sites
pesky1972 5,051 Posted August 4, 2017 Report Share Posted August 4, 2017 I'd buy it. Pretty sure Right to Buy has ended in Scotland and will everywhere else soon enough. I don't agree with the sale of social housing either in principle, but why shouldn't you benefit like so many others? It's not you that made the decision to sell the house. My old fella lived in a council house for over 40 years and refused to buy it, even though I encouraged him to, and even offered him money to. When he died it went to a family with 4 kids.., just like the one I grew up in, but unlike my family, the parents are fat lazy f*ckers who don't/won't work for a living.That to me is not what social housing is for so f**k it mate, get it done. 3 Quote Link to post Share on other sites
The one 8,405 Posted August 4, 2017 Report Share Posted August 4, 2017 Its a licence to print money mate best thing Maggie ever did i bought mine sold it 4 years to the day later used it to pay the deposit on this place paid off my mortgage by the time i was 53 you will never get a chance like that again and council house are well maintained Quote Link to post Share on other sites
dogmandont 9,428 Posted August 4, 2017 Report Share Posted August 4, 2017 Go for it. I bought my home place when I was 18 for 9 grand, my father had been in it all his days. They get to spend the rest of there days rent and mortgage free and I have a nice nest egg. 2 Quote Link to post Share on other sites
tatsblisters 8,267 Posted August 4, 2017 Report Share Posted August 4, 2017 I lost my first house due to the pit strike and ended up in a council house that I bought after being in it for 20 years tbh it was the best thing I did concerning how much rent a week I would be paying now theirs other people I know that wish they had done the same I think it was the fear of being out of work that put a lot of folk off especialy in an area that's seen the jobs in mining and the steelworks disappear. Quote Link to post Share on other sites
Jonjon79 13,357 Posted August 4, 2017 Report Share Posted August 4, 2017 Do it mate. Look after your own Atb with it Quote Link to post Share on other sites
mackay 3,081 Posted August 4, 2017 Report Share Posted August 4, 2017 As the old saying goes, rent money, spent money, never see it again. 2 Quote Link to post Share on other sites
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