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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Am I greedy to buy this property?

158 replies

MuckFusk · 25/06/2025 22:36

I notice a lot of people on MN are down on owning vacation homes, and I get why that is, considering how short housing is and the population density in the UK. I'm in Canada (where it's very common to have a vacation home) and I just made an offer on a property which will be used probably four months out of the year. I felt it was a better option environmentally to travelling, as it is not far to drive to, so no plane travel needed. I plan to kit it out for sustainability just as I have my current home; high efficiency heat pump, insulation, etcetera. The major reason I bought it as a future income property for my disabled daughter, especially for when I am no longer living, but it will be a vacation home for awhile. I don't think I'm depriving anyone else of high demand home, because it's been sitting on the market for a month and is in an area with a glacially slow housing market right now.

However, I do wonder if I'm greedy to have more than one property when some people can't even afford one. So you can vote YABU if you think I shouldn't have it and YANBU if you think it's okay.
It might seem like a weird question, but I second guess myself a lot.

OP posts:
Doingtheboxerbeat · 26/06/2025 01:15

I think people giving you the benefit of the doubt are people who are either doing this already 😉or are being blinded by the fact that it's in Canada and don't know what the housing situation is like there, because if you had said Cornwall then you would get a definitive answer.

I agree that you should do you and I would if I could.

PyongyangKipperbang · 26/06/2025 01:08

Well if the whole point is, long term, to provide your DD with an income which she presumably cant earn herself due to her disability (my son has CP, I sympathise) then make sure you sort out the small print.

Does she have learning issues? My son does and would struggle with lettings and legals etc He would be the perfect target for someone to take advantage of. So you would need it to be managed by someone with no skin in the game to keep her and her income safe. What are your plans for guardianship for her if she will need it?

sorry to focus on this instead of the "should I buy the house" question but its been at the forefront of my mind as I am sorting out stuff to make sure my son is taken care of when I am no longer around.

Hedgingmybetching · 26/06/2025 00:57

To the question are you greedy buying this property? The answer is, it depends. Has the housing market in the area been inflated by wealthy people buying vacation homes and pricing out the locals? If the answer to that is yes then you know the answer to your question.

Having said that it shouldn't be up to individuals to ethically police the housing market themselves. Governments really should step in to limit second home ownership if it negatively effects local populations being able to house themselves. Either by introducing rent caps, government backed mortgages for locals or substantially taxing second home ownership.

nightvisiting · 26/06/2025 00:23

Who cares what anyone else thinks? If you can do it, why not? I think it's very responsible and sensible to be thinking about future provision for a disabled child too.

I have a disabled child and would buy a small unit for them, extra to the family home, if I could. I've made sure they have a right to live in the family home for life though, so have taken care of their accommodation needs. I totally understand why you need to secure your child's future, as I have done with mine.

BMW6 · 26/06/2025 00:17

Why on earth would you give a monkeys what anyone else thinks?

Atw you seriously expecting me to believe that if more people vote against it then you won't buy it? Really????

AnOldCynic · 26/06/2025 00:14

If it’s common to have vacation homes, if vacation homes aren’t inflating the housing market in that area so locals can’t buy why not. As long as you’ve not made your money selling drugs or in the slave trade, you do you whilst looking to your daughters future too, it’s not a crime.

HoskinsChoice · 26/06/2025 00:00

Do you intend to let it out when you're not using it? I think it's pretty selfish if it's going to stand empty for 2/3 of the year. But if there will always be someone living in it therefore contributing to the local and central economy, it's less of an issue.

TheSilentSister · 25/06/2025 23:59

Of course you are and you know it.