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AIBU?

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Original poster

Son & Partner buying first home shld they take a bigger risk

32 replies

Alfierabbit · 30/12/2024 15:00

My son & his partner in mid 20's both have steady decent jobs They have had an offer accepted on an ex council house in our area where most of their estate is privately owned. (The one adjoining is still local auth and has rubbish in front garden)With family contribution and their own they will have a small mortgage. The purchase has dragged on and as time has gone on I have started to worry about re-sale value as this is a starter home for them and they intend to move in about 5 years. Should they have been encouraged to stretch themselves more?. AIBU to have concerns.? I know they are adults and its their decision.

OP posts:
HagTime · 30/12/2024 15:43

Have they asked for your advice?

Ineedaholidayyyy · 30/12/2024 15:38

No you keep out of it, it's none of your business and it's their decision. Not everyone wants to stretch themselves with a big mortgage, a small mortgage leaves them with more money to do nice things such as holidays.

Are you embarrassed they are buying an ex council house?

SnippySnappy · 30/12/2024 15:33

Keep out of it. My MIL was quite sniffy about our second purchase as she wanted us to live in a 'naice-r' area. Easy for her to say when she bought her house for 5 shillings and an orange decades ago, on one income (her husband's).
As you can see, comments like this breed unnecessary resentment.

Hibernatingtilspring · 30/12/2024 15:31

Given that a lot of people have been caught out by mortgage rates increasing along with cost of living increases its really not sensible to stretch too far on mortgage. If most the estate is privately owned I can't see that they are likely to have any resale issues, and LA homes are usually good family homes and in demand, eg in terms of space, gardens etc

They seem very sensible, and if they're happy I'm not sure why you're not?

nestingvillage · 30/12/2024 15:31

I think it's worth a conversation, I've had them with my children, discussion without judgement and expectation.

My parents watched me walk into a poor property purchase in my twenties and never mentioned anything, I wish they had have done!

Hankunamatata · 30/12/2024 15:30

Stay out of it. If I hadn't listened to mil we would have got our house about 30k cheaper as she kept putting me off buying in an council estate

ItGhoul · 30/12/2024 15:25

Honestly, it’s got literally nothing to do with you. Just keep out of it. As an adult I’d find it really weird if my mum was fretting about my property buying choices.