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Any other pensioners selling their homes to move into Council Housing?
I retired last year and am busy selling my home to move into a Council Owned bungalow..I`f either my husband or I need residential care we wont lose our hard worked for home..we dont need to keep a substansial amount in a rainy day fund for home repairs...we can give our children their inheritances now and see them spend it and enjoy .
Are any other OP`s thinking of doing this...or do you think I have been silly?
P.S.Mr Ed..I shall still be paying my rent..and I have payed for my health care with my years working in tax and national insurance..
9 Answers
- Anonymous1 decade agoFavorite Answer
Mr. Ed has described me to a tee. I have put my home,auto,and all bank accounts into a trust. When I need a nursing home, the government can pay for it. The government would just send my money to some welfare bum anyway. I worked for mine!
- Mrs. P.Lv 61 decade ago
You are lucky to be offered a Council home.
Here they operate on a points system and you are out
of the running if you own your own home.
You have to be in dire need to be offered an old persons
bungalow or flat.
When my 80year old mother in law enquired she was told
she hadn't a hope in hell. She finaly went into a private
Methodist home.
- sophiebLv 71 decade ago
one holds on as long as they can and then does what they need to do. I've known a few people to write up their wills and then sell their house to their eldest and then still live in it. The problem I've seen with that is that the son (or daughter as the case might be) then pushes the elders around, so you very well may be right in doing what you're planning. It's really a personal choice.
- Highlander.Lv 51 decade ago
No, go for it, it happens a lot up here, its the best way to keep the Governments thieving paws off your money.
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- Marvin RLv 71 decade ago
sold my home and moved into my Fraternal Lodge Retirement Village. everything is provided for the rest of my life so I really have " it made. " They even will take care of my funeral and burial.
- mister edLv 71 decade ago
not understanding the ins and outs of your system over there but over here in the states i detest folks who do this == these are them same folks all they lives scream about people being on welfare and now they are doing the same thing == taking there money and running and letting the govt step in and through medicare (in this case just another word for welfare) pay for their final years of housing!!!
- Anonymous1 decade ago
I think you are very wise.