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Frugal neighbours, 7 houses no intention of selling ever

(207 Posts)
Mrspitt3 Sun 15-Oct-17 09:58:46

My neighbour and wife live in a 3 bed modest semi, is in late 50s, has been really frugal (still has 20 year old carpet tiles in kitchen etc) all their life which I do respect actually, they have always invested in property (totally understand), what I don't get is that they are now retired they have no intention on selling any of the houses and having a really nice retirement even though the rented houses cause them a lot of stress with their tenants, I said to my neighbour a few weeks ago about one particular troublesome property, why don't you just sell it? His reply was "well what would I do with the money?" ...... if they had no intention of selling them/enjoying a nice retirement then I don't understand why you would buy property. I understand they get a monthly income but they still live frugal lives. It feels immoral to me and greedy when they could help the housing market by selling the houses. AIBU?? Have I missed something??

Lucisky Sun 15-Oct-17 10:00:42

I can't really see why it is any business of yours.

Imnotababycow Sun 15-Oct-17 10:01:22

Aibu about what? This seems like none of your business...?

RavingRoo Sun 15-Oct-17 10:01:32

It’s none of your business really. They got to where they are probably by not wasting money on expensive holidays and things they don’t need - they’ve earned the right to spend their money however they wish without some busybody neighbour judging them.

TheMaddHugger Sun 15-Oct-17 10:02:19

nothing to do with you. Mind your own business

Mrspitt3 Sun 15-Oct-17 10:03:09

But they don't intend to spend it ever 😂

greendale17 Sun 15-Oct-17 10:04:52

I am with OP- i do not understand the reasoning whatsoever. Strange people

RavingRoo Sun 15-Oct-17 10:04:57

No, they spend their money on their houses and upkeep. Why can’t you understand that?

Mrspitt3 Sun 15-Oct-17 10:05:10

I don't give a shite if someone doesn't like my attitude.... it's a simple scenario and question I just don't understand?

FenceSitter01 Sun 15-Oct-17 10:05:54

You're not unreasonable to wonder what makes other people tick! That's what this board appears to be for!

EdmundCleverClogs Sun 15-Oct-17 10:05:57

It feels immoral to me and greedy when they could help the housing market by selling the houses.

What? How would selling their business be the 'morally right' thing to do? They could very well end up selling to other landlords, or are you expecting them to sell them cheap to young people? Bizarre op, and extremely rude to and about your neighbours.

Mrspitt3 Sun 15-Oct-17 10:06:04

Greendale thankyou 😁

greendale17 Sun 15-Oct-17 10:06:39

To the posters saying mins your own business- bore off. It gets really boring when people say this on threads like this

Lucisky Sun 15-Oct-17 10:07:24

So? They don't intend to spend it? Are you jealous or something? Perhaps they are concerned that someone they don't really know is showing an interest in their assets. I know I would be. Back off, MYOB.

FenceSitter01 Sun 15-Oct-17 10:07:27

Mortgage free house + troublesome tenants = angst

Sell mortgage free house = quiet life

No brainer really grin

Hilda40 Sun 15-Oct-17 10:08:21

Why does your wife live with your neighbour?

EdmundCleverClogs Sun 15-Oct-17 10:08:33

To the posters saying mins your own business- bore off. It gets really boring when people say this on threads like this

Ok, so would you or the OP like to explain how this is any of her business, or how her neighbours handle their monetary affairs and property affect her in any way?

LaurieFairyCake Sun 15-Oct-17 10:08:44

Most people are doing this to leave money to family OR to enjoy their retirement and make themselves comfortable

Doing it for no reason? Well it wouldn’t be for me. At the very least I’d be thinking about the last years of my life - the average is 8 years of very poor health and pain - frankly the last years look really miserable. So that’s what I’d be wanting my money for - a decent residential home and care.

Mrspitt3 Sun 15-Oct-17 10:09:14

They don't need all the houses, they have no intention of selling them, they have no one to leave them too, they just have a lot of stress from them. I don't think they should sell them cheap just sell them, yes there's a chance landlord could buy them but there is also a chance someone private could buy them.

LakieLady Sun 15-Oct-17 10:09:36

Perhaps they'd rather leave their property empire to their kids? Either way, none of your business, OP.

I think it's unethical for people to buy so many houses and keep them too, but at least they're renting them out and not leaving them empty.

pinotgrigio123 Sun 15-Oct-17 10:10:41

Find a hobby

PoorYorick Sun 15-Oct-17 10:12:18

It's nothing to do with you, who cares if you don't understand?

LakieLady Sun 15-Oct-17 10:13:22

*Mortgage free house + troublesome tenants = angst

Sell mortgage free house = quiet life*


keep house and rent it out = decent income and have a capital asset that is likely to increase in value massively, based on past performance

sell house = see capital eroded by inflation and earn fuck all in interest

Mrspitt3 Sun 15-Oct-17 10:13:34

I'm not jealous of their stinky green kitchen carpet tiles that have weatherd 2 puppies over the years that I have seen pegged on their washing line on and off for 20 plus years no grin.... it's just a situation that makes me wonder... they are lovely neighbours thou.... I dunno maybe they will leave me something in their will 👍🏻

feral Sun 15-Oct-17 10:14:36

Why does it have to be any of her business? She’s admitted she’s being nosy. I’d be wondering the same thing too OP and there’s nowt wrong with a bit of of speculating.

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