A380
How do I change this 'custom title' thing then?
Yup, a hilltop on a cold night. A bejou hipflask with something from Speyside to lower body temperature and reduce sensation, and float off in the wind....
The Mike Todd approach.
Yup, a hilltop on a cold night. A bejou hipflask with something from Speyside to lower body temperature and reduce sensation, and float off in the wind....
Depends how you think about things like money. They might not take your money but if they know they're the ones who'll have to pay the care bill they'll just leave the elderly person to fester and let the family (ie, the closest available female relative) pick up the slack, to the detriment of their own income, career, and general outlook.Don't think descendants get in to debt - doesn't state funding kick in when someone's savings are down to a certain amount?
Yes indeed.the political difficulty is that a lot of voters don't want to have to pay for their / their relatives' care, but the alternative is paying more tax and then they don't want to pay for other peoples' care...
Depends how you think about things like money. They might not take your money but if they know they're the ones who'll have to pay the care bill they'll just leave the elderly person to fester and let the family (ie, the closest available female relative) pick up the slack, to the detriment of their own income, career, and general outlook.
I dated his brother for a while. What happened to him and the family left behind was heartbreaking.The Mike Todd approach.
My best friends mum got into a lovely home mostly paid for by the council, there was a top up of £150 a month I think. But she had zero assets, lived in a council house which was 3 beds opposite a primary school and had dementia, it suited the council to move her. She loved the home when she moved in, it def improved her quality of life, and my friends. But the last 4 years she was incoherent, incontinent and bedridden - I wouldnt want to live like thatMaybe it’s due to any fully state paid options being removed for anyone with assets…?
What happens when people don’t have the assets? Does the government fully pay for anywhere within a certain cost bands? Is there a very limited choice of underfunded homes? Do descendants get into debt?
The other big question is what’s going to happen when an increasingly large number of private renters get to retirement age? That’s potentially a huge crisis in the making
A hard lesson for old Tory voters who were told Corbyn would take their house off themI think it's been the case for a long time - a sort of social care russian roulette. If your grandparents/parents need to go into a home, it has to be paid for by the family even by selling their home (sometimes the home-selling comes at the end of the process).
I experienced it with both my parents: with my dad in a home for 2 years and my mum for 6 years. Even during my Mum's time (2002 - 2008), I think it cost around £36,000 a year. Almost completely cleaning out their assets.
The simple solution to all these end of life financial issues is simpleDepends how you think about things like money. They might not take your money but if they know they're the ones who'll have to pay the care bill they'll just leave the elderly person to fester and let the family (ie, the closest available female relative) pick up the slack, to the detriment of their own income, career, and general outlook.
Typically, you need a 25% for a BTL mortgage I.e. £50k. Plus conveyancing costs - say £1k - and stamp duty of £6km.Yeah tbh I’m not looking at making a fortune. I’m looking at a modest two bed flat or back to back circa 200k with a 20k- 40k deposit.
Rent would hopefully cover most of a capital repayment mortgage. I’ll chuck any extra I have on top.
My lads can live there when they need/want and their rent will be going towards their own asset not a landlord.
In 20ish years I own a 200k asset for my lads, which for my retirement pays me a grand a month or something in rent.
That’s… it.
Altho I will now consider just chucking it in my diddy pension.
Or a sugar daddyTypically, you need a 25% for a BTL mortgage I.e. £50k. Plus conveyancing costs - say £1k - and stamp duty of £6km.
Descendents don't get into debt no, what happened with my Mum is that the council assessed the assets that my parents had (cash, property) and determined that half belonged to my Mum. Because my Dad is still living in the house they can't sell it but we had to pay (roughly £1400 per week) until half of my parents cash was down to £14.5K at which point the council stepped in and pays all of my Mum's care costs except for £95 pw which is covered by my Mum's old age pension.Maybe it’s due to any fully state paid options being removed for anyone with assets…?
What happens when people don’t have the assets? Does the government fully pay for anywhere within a certain cost bands? Is there a very limited choice of underfunded homes? Do descendants get into debt?
The other big question is what’s going to happen when an increasingly large number of private renters get to retirement age? That’s potentially a huge crisis in the making
That's my retirement plan!Or a sugar daddy
You're 45. He'd be a Sugar Grandad at best.Or a sugar daddy
This is a very sore subject with Mrs Q at the moment, the daughter of her younger sister has found herself one and Mrs Q was refereeing an almighty row between the pair of them two days after Xmas.Or a sugar daddy
I have tipsThat's my retirement plan!
Changed quickly too, when we bought our flat in 97 , we had a combined income of about £30k & it was affordable.
My sister has a few BTL properties for her pension , she's had a few hassles with one of them , damage & rent issues.Ah well thank you all very much for your opinions on BtL.
I’m a bit unconvinced still on the ethics. I don’t think owning a flat or house (that my lad would probably end up living in for at least some of the time) is that bad. Say I put my monthly excess of £500 in my private pension (SIPP)- that’s like a medium high risk fund. Even tho I chose this:
View attachment 359359
“High” on some “Environmental, Social & Governance” scale… I bet it still goes to fucking sweatshops, oil companies, non unionised, zero hour gig economy businesses etc etc. Is that really worse or better than buying a flat in town. Dunno tbh.
Anyway, will very much have a think about what’s been said. Maybe I do just stick it in my private pension (which has got like 20k in or some token amount) and go from there. Deffo food for thought. Ta xx
I hear you, my son (16) earns his pocket money via youtube, mainly because he never got enough from meGen Z are also extremely clued in financially. My two know quite a bit about pensions, shares, mortgages, credit etc aged 17 & 19. Internet generation.
one form of hell would be getting older with the desperate illusion of some previous grandeur that needs to be maintained. The best form of pension plan has to be one of a philosphical retreat. To end with nothing, go out as you came in ...would be the ultimate plan.My sister has a few BTL properties for her pension , she's had a few hassles with one of them , damage & rent issues.
kind of my book plan . I have mentioned on other threads that i got my book collection down from about 6000 to 3000. When i get old and infirm I will read each book again and then give it to charity. When I finish the last one I shall die...I hear you, my son (16) earns his pocket money via youtube, mainly because he never got enough from me
one form of hell would be getting older with the desperate illusion of some previous grandeur that needs to be maintained. The best form of pension plan has to be one of a philosphical retreat. To end with nothing, go out as you came in ...would be the ultimate plan.
One of the reasons I've focused on getting the house paid for is that the concept of paying rent after a lifetime of work appals me.On the renters time bomb - home ownership rate has actually gone up in the last 10 years.
What will be the last book ?kind of my book plan . I have mentioned on other threads that i got my book collection down from about 6000 to 3000. When i get old and infirm I will read each book again and then give it to charity. When I finish the last one I shall die...
Me too just googled it.
UK: share of homeowners 2007-2018 | Statista
This statistic illustrates the home ownership rate among the total population of the United Kingdom (UK) between 2007 and 2018.www.statista.com
What will be the last book ?