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Family homes

2 replies

Georgeskitchen · 28/08/2022 18:18

I sometimes watch property type programs on TV, Renovations etc, buying derelict homes and stuff, doing them up and then at the end the experts always tell.them how much the property has gone up in value.This got me thinking about when my parents married in the 50s and got a deposit together to.buy a 3 bed semi. My parents were not wealthy and struggled to pay a mortgage to give us children a secure home in a nice area of town. I have no recollection of my parents discussed how much the property would be worth in subsequent years.My dad passed away in the 90s and my mum sadly passed away last year: the house was sold and obviously after 60 plus years of it being our family home , it was worth many many 1000s than its original purchase. No thought was ever given to selling it for a massive profit. Is it unreasonable to think that nowadays people buy houses with the thought of making a massive profit, rather than creating a family home for the childre

OP posts:
PowerHits · 28/08/2022 18:25

Yes, it's unreasonable because the vast majority of people buy homes to live in and the rest is just a byproduct.

Brigante9 · 28/08/2022 19:12

I bought with the intention of it being a forever home. I’m pleased it’s gone up in value from 20 years ago, because we now intend to move rurally and the whole covid get out of the city thing has forced prices up massively.

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