I speak to people every day that have lived in their council houses for 20, 30 and 40 years. and have paid rent all that time and now have nothing to leave their kids...i dont get it ...is it simply because they are/were frightened to take on the responsibility?
2007-01-12 10:43:01 · 18 answers · asked by returnofkarlos 2 in Business & Finance ➔ Renting & Real Estate
why should they leave something for the kids, even if they had the money, some people would rather have a great time travelling instead of waiting to die, of boredom if anything. Abit selfish if grown -up kids get upset when they think 'their' inheritence is not being spent on them. There are lots of reasons people still continue to pay rent, mostly it's money, if you need repairs the council will fix it, others dont want to be tied to a mortgage even if they could afford it initially, they probably couldnt afford the maintaining it and insurance etc etc. Others wouldnt be able to get a car loan let alone a house, for various reasons, poor credit history for a start. I think also many would want to if they could. Finally, their kids should want only to see their parents happy, not moan about what's coming (or not coming) to them.
2007-01-12 11:01:05 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Nice to see how cynical most of your answers have been. Years ago, and especially away from the South East of England, it was not common to be a homeowner. At that time banks and building society lenders were very fussy about who could have money. Working class people, stood no chance unless they had a huge deposit saved. It was even harder for single women to get a mortgage. By the time mortgages became more freely available the older council tenants rarely saw the sense in buying. They saw a house as a permanent home, not something to be sold for a profit. After paying rent for 20 or 30 years why should they suddenly start having to pay for repairs? They have already bought the house several times over.
As for all of these non owners being on benefits or part of the sponge culture, what a load of rubbish. Get some facts to prove it!
2007-01-12 19:44:52 · answer #2 · answered by bremner8 5 · 1⤊ 1⤋
I live in a council flat in the centre of London - 10 minutes on the tube to the West End. My rent is £70.00 per week. I have lived here for 15 years. I don't think I could find a mortgage in the area that I live at a lower or similar rate.
Oh, and I don't have any children!!
2007-01-12 20:31:38 · answer #3 · answered by paul h 4 · 0⤊ 0⤋
My grandparents lived in their rented accomodation for 50 years. When they moved in they where offered the property for £100. At that time it was not the done thing to buy property.
Even though my parents own their own house, they still think they have a place in society and can't rise above their station. I don't know what it is in the uk, but some peopel think that they are born into a situation and they have to stay there, whereas in the us the attitude is to try and better yourself.
I suppose its because we still have a class system here, whereas in the US they don't.
2007-01-12 18:56:18 · answer #4 · answered by footynutguy 4 · 0⤊ 0⤋
My friend sold her house and went into a council house she says its the best thing she ever did. She never worries about where repair money will come from and they come the same day or next day. And don't forget people never think they will still be in the same house that long. They may think oh one day i will live in spain or something, but it never happens and they find themselves stuck there still.
2007-01-12 18:56:49 · answer #5 · answered by babyshambles 5 · 0⤊ 0⤋
Buying a council house is a big risk for lenders. It's hard to find someone to lend the money to a council tenant. Plus, if you live in a council place its a fair assumption that you work lower wage jobs, which are notoriously unreliable in terms of longevity!
2007-01-12 18:49:44 · answer #6 · answered by Anonymous · 1⤊ 1⤋
They probably receive benefits so they dont really have to pay rent, council tax etc. why change the habit of a lifetime and become legit? when you can sign on and get it all for nought.....
2007-01-12 18:53:47 · answer #7 · answered by lpoollou 1 · 0⤊ 0⤋
some people just cant get a mortgage (bad credit or debt problems) or feel the 15/20+ years of a mortgage is far too much to handle.. these days there is no such thing as job security...
2007-01-12 18:48:39 · answer #8 · answered by confused 6 · 0⤊ 0⤋
The ones who dont buy are simply on benefits.
there can be no other reason for not buying in the current climate,council houses are the best deal on the market.
Any lender would fall over themselves to lend against property that will instantly double in value.
2007-01-12 18:54:48 · answer #9 · answered by ? 3 · 0⤊ 2⤋
They preferred to pay peanut rents and have no responsibility for any repairs or upgrades to their houses. They probably got rent subsidies too and lots of them come from the "sponge" culture.
2007-01-12 18:50:46 · answer #10 · answered by little weed 6 · 0⤊ 1⤋