2006-10-07 06:29:43 · 7 answers · asked by Anonymous in Society & Culture ➔ Other - Society & Culture
We don't have any children of our own, so we have left our house that is paid for lock stock and barrel to our great nephews, they are only 2 years old at the moment, the money from our house will be split down the middle when they sell it and they can put a big deposit down on their own homes hopefully, failing that they could both live here in our house until they each get married and split the money then, I feel sorry for the kids today trying to get on the housing market and I thought we had it ruff finding a deposit of £1,000, twenty two years ago, how prices have gone up.
2006-10-07 12:16:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I bought my first house two years ago - and the house prices have changed only a little since. Yes my mortgage is much higher than I originally would have thought it would have to be, and no my wage isn't high (just about national average)...so if I can do it anyone can.
There are so many ways of getting on the property ladder at the moment...banks are offering higher mortgages with lower interest rates and you can even get "part-buy" properties where you own a percentage of the house and buy more when you can afford it.
Its even a buyers market - less people are buying at the moment, which means you have more room to haggle with those people that wish to sell up and move. There are new build properties slashing their prices left, right and centre and offering paid stamp duty and solicitors fees.
There is absolutely no reason why people can't get on the property ladder at the moment. No reason at all. The house prices may be higher now than previously, but everything else is changing to reflect that. Yes its a bit scarier than before, but no reason to be put off at all.
2006-10-07 13:42:51 · answer #2 · answered by gromitski 5 · 0⤊ 0⤋
The goal is for them to go to college and get a job that will support them enough to buy a house. If you think about it 30 years ago when my parents bout a house that was $33,000 they were only making $12,000 a year!!! With inflation it should even out. The true problem is that houses and cars will never be cheaper than they are today. You need to go out and buy one today to get the best price because next year the price of the house will double.
This is what is happening in my neighborhood.
2006-10-07 13:32:37 · answer #3 · answered by samanny 5 · 0⤊ 1⤋
I would suggest they buy a house together like I did with my sister.
2006-10-07 14:36:24 · answer #4 · answered by meday 2 · 0⤊ 0⤋
make shore that they like playng the Sims 2
2006-10-07 13:33:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Most likely by inheritence!
2006-10-07 13:40:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Um, by buying or selling real estate? Gee, that would work.
2006-10-07 13:32:10 · answer #7 · answered by Anonymous · 1⤊ 1⤋