Pension or property

[Grassman]

my post was a tad tounge in cheek but in these covid times having had a close family member in a care home prior to the virus at what I consider exorbitant fees im finding the connection between lack of ppe and staff training in these establishments that have the charges mentioned and the squealing that says the govt didnt /should provide untenable

Some very rich neighbours to me. They all happen to own care homes. Why the government should be subsidising them is beyond me!

 

[czechmate]

Another option is to find a younger wife who has a good job.

Hmm, I took the younger wife option. Now, retirement is not allowed on the agenda

 

[teslacoils]

my post was a tad tounge in cheek but in these covid times having had a close family member in a care home prior to the virus at what I consider exorbitant fees im finding the connection between lack of ppe and staff training in these establishments that have the charges mentioned and the squealing that says the govt didnt /should provide untenable

£800 a week is scandalous for a shoebox heated to 25 degrees and staff on minimum wage.

 

[rusty]

Some very rich neighbours to me. They all happen to own care homes. Why the government should be subsidising them is beyond me!

Did they send their children to private school in Bakewell? My daughters are there and the wealthiest parents all seem to be involved with care homes.

 

[Frank-the-Wool]

I've an investment isa with the nfu,paid 3.5% to put the initial sum in. Aug 19 to Aug 20 it made £1800 about 1.8%. They then took £1300 in fees leaving me with £500. I should of bought a house with it. I guess not including any house price rise I'd get 4% in 1 year which is alot more than the 4 years it's been in. Think it's made 3k in 4 years,what a joke

I have had NFU ISA's but tend to opt for the highest risk category with up to 30% in offshore funds and these have all done very well. Yes there was a blip when the stock markets went down but averaging well over 5% and some 15% in the short term. The ISA's on the lowest risk are no better than bank interest rates or basically zero!

 

[Frank-the-Wool]

£800 a week is scandalous for a shoebox heated to 25 degrees and staff on minimum wage.

You won't get one down here for less than £1k.

 

[Highland Mule]

I have had NFU ISA's but tend to opt for the highest risk category with up to 30% in offshore funds and these have all done very well. Yes there was a blip when the stock markets went down but averaging well over 5% and some 15% in the short term. The ISA's on the lowest risk are no better than bank interest rates or basically zero!

Highest risk should be 100% offshore.

 

[teslacoils]

You won't get one down here for less than £1k.

Good thing I've been in enough of them to know I'll never end up in one.

 

[Grassman]

Did they send their children to private school in Bakewell? My daughters are there and the wealthiest parents all seem to be involved with care homes.

Not sure but quite likely

 

[super4]

You won't get one down here for less than £1k.

Wifes nan in home. Costing £1300 week.

 

[tullah]

Wifes nan in home. Costing £1300 week.

A live in carer can be had for £600 a week through an agency. Or £500 if bypassing agency. If it's a serious medical condition requiring what they call "continuous care" then get the gp to sign patient off as needing continuing care and the state finance the carer at home. And it's not means tested.

 

[Grassman]

A live in carer can be had for £600 a week through an agency. Or £500 if bypassing agency. If it's a serious medical condition requiring what they call "continuous care" then get the gp to sign patient off as needing continuing care and the state finance the carer at home. And it's not means tested.

This is interesting info.

 

[FarmerBruce]

Another option is to find a younger wife who has a good job.

@Spencer

 

[little_p]

We have a couple and experience the same problems too.The return is not brilliant either.On the other hand my brother has invested in student lets which,imo,is far easier.Only short term tenants so no problems about them leaving,far better return than our houses.He has his own maintenance team so no hassle with builders.I think he has about 1,250 now.

With student lets what you 'gain' in better security of tenure, you 'lose' in higher borrowing and insurance costs.
I would say that the golden years in student letting are now gone. They had been building student flats like no tomorrow to the point that it has reached saturation point even before Covid. It will be interesting to see whether post Covid 'going to Uni' actually means people going to (and renting) another place or whether they will be staying at home and 'going to lectures' from their bedroom.

 

[texelburger]

With student lets what you 'gain' in better security of tenure, you 'lose' in higher borrowing and insurance costs.
I would say that the golden years in student letting are now gone. They had been building student flats like no tomorrow to the point that it has reached saturation point even before Covid. It will be interesting to see whether post Covid 'going to Uni' actually means people going to (and renting) another place or whether they will be staying at home and 'going to lectures' from their bedroom.

You may well be correct although one University has built a huge number of student accommodation in the last few years and yet his accommodation is still let in advance.I will ask his opinion as you make some valid points.

 

[Still Farming]

You won't get one down here for less than £1k.

Tin of spam extra is it???

 

[little_p]

You may well be correct although one University has built a huge number of student accommodation in the last few years and yet his accommodation is still let in advance.I will ask his opinion as you make some valid points.

I'd be interested to hear what they say. I think that they would say that there is still good money for those already in it and options if you want to vary or get out. But becoming a first-time time landlord right now and heading straight into the HMO / student let market (presumably on a small scale); that might elicit an entirely different response.

 

[harrow]

Wifes nan in home. Costing £1300 week.

A couple of year ago Southampton care home was £1400 per week

 

[Still Farming]

A couple of year ago Southampton care home was £1400 per week

Well if you can't or won't look after them at home someone got to do it sadly?

 

[it's not over]

This thread should be called.......pensions or poverty not property