Am I greedy to buy this property?

Yes. The market market may be moving slowly but it is greedy IMO. But I guess you and others don't really care/sounds like you've already made up your mind. Why not get a static caravan/cabin on a holiday let? My mum has one and it's lovely, suits 2 people but can accommodate another two, properly insulated (cabin), near some lovely walks and towns, and isn't depriving anyone of a home. 4 months is so short.

Greedy is just someone’s opinion. Any luxury that you buy could be classed as greedy as you don’t really need it and could give the money to someone else in need. I could easily have donated the £4.50 I spent on a coffee to charity and had a cup of instant at home. But did I think twice about it? Nope

You do you OP, don’t let someone else’s jealousy get in the way of you and your daughter doing what makes sense for you both financially and to enjoy your lives.

Do you have the money? Are there properties for sale in your chosen area? If both are a yes - then what's the problem? Buy it, of course. And good for you, OP.

I can't afford the second property, but if I could, I'd buy it in a shot and weird thoughts about 'greed' wouldn't even enter my mind. Some people are richer, some people are poorer. It was ever thus.

Buy it.

You have the money and you are doing it to secure your daughter's future.

YANBU. You want it, you can afford it, buy it.

Personally, I think people should be free to buy whatever housing they want. Where second homes are causing issues, it’s down to governments to step in with measures to make holiday home ownership less appealing (eg taxing properties left empty most of the year or regulating short-term lets). I also think if you own a second home in an area with a shortage of housing and those measures are implemented you have no grounds for complaint.

Canada has more land than can ever be used.
The issue in the UK is that we don't. There is a shortage of affordable homes to rent or buy and this is really acute in some places, meaning normal people with normal jobs just can't live.

I appreciate you wanted a discussion but it's a bit daft to post on here, which is mainly a UK website, and talk about holiday homes in Canada.
As you say, it's very common in Canada and it's not like the housing market in the UK. The population density is much lower etc.
You'll get a lot of flak on here because holiday homes have caused and are causing lots of serious issues in various parts of the UK.

I don't really know what the point of the thread is. You're going to buy it anyway and good for you.

Did you just want to wind people up?

No you are not selfish . It is an investment for your daughter . Not buying it won’t solve the housing crisis.

All it will likely stop is someone buying to live in ( likely not a homeless person! ) or a landlord buying it to rent out and an extortionate price - there is not a housing crisis because there aren’t enough private rent properties , their are plenty , but they are too difficult and expensive to get for most people. I also doubt the council would buy it if it’s sat there for so long.

Fuck everyone else. They sure as shit aren't worrying about your child, so don't worry about them

Exactly. This sums it up perfectly.

Quite right too and you do not sound like a complete bitch at all.

People are resentful and should no better, it doesn't change anything.

"Not high demand" does not equal "zero demand". Not sure why you need to wrap this up as some underhanded, shameful thing that OP is doing.

OP, I hope it makes you a fortune and your DD has everything she needs for the rest of her life.

Fuck everyone else. They sure as shit aren't worrying about your child, so don't worry about them.

Buying a cabin in rural Canada is very different to buying up housing in a tourist hotspot, or downtown Vancouver.

Just as buying a bothy somewhere in rural Scotland is very different from buying a family home in St Ives and only using it for two weeks a year.

Everyone is free to do what they like with their own money, it's nobody else's business and if others are jealous, tough, they'd do the same.

Go for it. If there’s little or no demand for housing in the area then why not. It will be used more than many vacation homes. Are you planning on renting it out short term when not in use?

Not in a high demand housing/vacation market, but going to provide your DD with additional income at some point. Don't you see the contradiction there?

Do what you want. I'm not sure why you need to wrap this up as some ethical choice. 🤷🏻‍♀️

The major reason I bought it as a future income property for my disabled daughter, especially for when I am no longer living

I absolutely wouldn't give the tiniest shit about anyone's opinion on the matter unless they are also in the position of knowing they will die while their child still needs care.

Until we all love in societies where we can be assured that our disabled children will receive all the care and support they need for the rest of their lives, parents will do whatever they can to ensure their children are taken care of after they are gone.

People who don't like it can direct their anger towards the governments and citizens who don't want to provide adequate care and support for the disabled, and towards successive governments who have upheld this system of housing and greedy landlords who own 10s, 100s or even 1000s of properties.

If you can afford it OP go for it.

Some people on here will only be happy if you're walking around in your hair shirt slapping yourself across the head with a tin tray, when in reality if they could afford it they'd be doing it in a heartbeat.

I hope you have wonderful holidays with your DD ❤️

I have a second home - a bungalow I inherited from my nan when she died. I rent it out to a lovely young couple.

I couldnt give a flying toss if anyone judges me for that. That bungalow rent paid a proportion for a great nursing home for my nan when she needed it. It's helped our family immensely and been a huge blessing. I dont care what anyone thinks about it, its my life, not theirs.

I think addressing the long term needs and security of a disabled Dd tops any other argument or consideration.

Apart from quality of life for her and better leave of mind for you It will make her less reliant on state support.

Absolutely fine in Canada, not fine in the UK. So since you’re in Canada, do it! I’d love a cabin.

If I could afford a second home I wouldn’t give other people’s opinions a second thought. It wouldn’t be sitting empty when I wasn’t using it because I would invite my friends to holiday there. But you can do what you like with it. It is no one else’s business.

you are in a lucky position. We only have one life. Enjoy it.

I am from country where I think it's about quarter of families have one. But these are often either not actually even habitable all year round (chalet types) or are in villages where the family had it for generations and it's not particular desireable type of cottage or location to actually live in because of lack of amenities. It's usually inherited property but lots of people are apparently looking to buy some. My sibling andI are like first in 3 gens in our family who don't directly own one because it was passed to other brach (still get use of it though).

I think yanbu conidering where you are and where you are buying. It's not like you are dipping into crazy market in wanted location making the situation worse.

Are you genuinely worried about the morality of it op, or are you just wanting to show off your impending purchase? No judgement, I would be very excited too! And in this case it sounds like there is barely a moral case to answer so just enjoy it.

@notsomarvelousmrsmaisel is making a great point about using the word ‘greedy’ in this context. I think this language might be winding folks up. It’s not like OP is Mr Krabs