I had to have two of my closest family die just to get a single property with a house that was condemned after one of their deaths. I would have had two properties if not for the massive amount of debt that got racked up by my mother’s alcoholism and my step dad just kind of leaving after not trying to work with the rest of my family on paying the mortgage or any of the bills in the place I was living.
The situation finally turned around after I turned 18, I managed to get the lights on and keep the water on with a near minimum wage job and then got hit with the news that the bank was taking the property.y uncle managed to buy it off the bank and we’re selling it now, just to cover the mortgage and other debts my mother and step dad racked up. Then I get to demolish my grandfather’s home since it got condemned after his death and maybe I’m lucky have enough left over to build a new place on that property.
That was the *good* outcome, it would have been a lot worse had my uncle not stepped in to help clean up the mess. I had, and still barely have any idea what I’m doing, and my main guidance is my uncle, and my alcoholic bio father.
Oh Jess, you sweet summer child… The folks who are really shafted don’t have relatives who own anything or have any savings. Most of us don’t have houses or inheritances coming to us.
I’ll be closer to homelessness when my close family cark it than I am now.
I see this situation getting worse because gen X parent pensions won’t be adequate to support their retirement and they’ll need to downsize their homes in order to live.
Depressing. On LBC this morning, I overheard an elderly woman expressing her love for the Conservatives and how, thanks to Thatcher, she was able to purchase a two-bedroom council apartment in the heart of London for just $30,000, which she later sold for a sizable profit. Yes, you liked the fact that you were able to purchase a house for a reasonable price in a desirable area and then sell it for a healthy profit.
Buy a house where houses are cheap. There are millions of affordable homes. You just won’t be living where everyone else wants to live. That’s why houses are expensive there.
Kaijupants says
I had to have two of my closest family die just to get a single property with a house that was condemned after one of their deaths. I would have had two properties if not for the massive amount of debt that got racked up by my mother’s alcoholism and my step dad just kind of leaving after not trying to work with the rest of my family on paying the mortgage or any of the bills in the place I was living.
The situation finally turned around after I turned 18, I managed to get the lights on and keep the water on with a near minimum wage job and then got hit with the news that the bank was taking the property.y uncle managed to buy it off the bank and we’re selling it now, just to cover the mortgage and other debts my mother and step dad racked up. Then I get to demolish my grandfather’s home since it got condemned after his death and maybe I’m lucky have enough left over to build a new place on that property.
That was the *good* outcome, it would have been a lot worse had my uncle not stepped in to help clean up the mess. I had, and still barely have any idea what I’m doing, and my main guidance is my uncle, and my alcoholic bio father.
I will not be homeless at the very least.
DrunkenOlympian says
But hey, billionaires are doing better than ever! Won’t anyone think of the billionaires?
TheReapingFields says
Oh Jess, you sweet summer child… The folks who are really shafted don’t have relatives who own anything or have any savings. Most of us don’t have houses or inheritances coming to us.
I’ll be closer to homelessness when my close family cark it than I am now.
LittleRickyPemba says
This has been the case for hundreds, if not thousands of years.
IamNOTanaxemurderer says
I’m doing my part to free up some housing…
By not owning a home of course, what did you think I meant?
aboutthelimon says
I see this situation getting worse because gen X parent pensions won’t be adequate to support their retirement and they’ll need to downsize their homes in order to live.
Conscious_Figure_554 says
Seems like a shitty life hack. Giving folks ideas on how to own property.
Sleppyseaweed says
or succeed in a lottery. I would buy a home with a driveway and a garden if I won the lottery.
cosmoboy says
Huh. Both my parents died. I’ve got dad’s pocket knife. There was a house, but it’s going to cost more to make liveable than it’s worth.
synkdot says
About ten years ago, my father told me the same thing.
Since his death four years ago, I have purchased my first home.
He is entirely right, as is Jess Phillips.
sorrygrayy says
Depressing. On LBC this morning, I overheard an elderly woman expressing her love for the Conservatives and how, thanks to Thatcher, she was able to purchase a two-bedroom council apartment in the heart of London for just $30,000, which she later sold for a sizable profit. Yes, you liked the fact that you were able to purchase a house for a reasonable price in a desirable area and then sell it for a healthy profit.
Spaventoo says
Buy a house where houses are cheap. There are millions of affordable homes. You just won’t be living where everyone else wants to live. That’s why houses are expensive there.