Concerns about our children’s future… by region

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I like to pretend I’m a pretty lazy parent. I often quip that I parent with a sense of humour and am definitely not one of those Pritt-stick wielding mums that enjoys crafting with their tots. You’re far more likely to see me down the park reading a book on a nearby bench whilst my little terrorists climb, swing and scurry up play equipment that is much too old for them. I believe children learn by their own mistakes and should be given as much freedom as possible to make them. My role is to be on hand with the plasters and a quick cuddle when it inevitably goes wrong.

However, time and time again my anxiety strikes and my true colours as a “worrier” burst forth like a busted kaleidoscope. No better was this illustrated than yesterday when one of Dexter’s nursery teachers deftly plucked an excited wriggling Dex from my arms at his first ever drop-off. With raised eyebrows she curtly informed me “He’ll be fine. You can leave now mum“. She had correctly predicted the floodgates were about to open and I was about to embarrass myself in front of dozens of other parents.

These anxieties often take a darker turn too. I’m forever watching Newsnight in bed, then waking up a snoring Craig to tell him that the world is ending. This country often scares me, and has fueled our plans to emigrate - not least for the sake of our children’s future. Plasters and mummy kisses can’t fix a broken and fragile economy.

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The repercussions of the financial crisis are enormous. As a family we now really struggle. Whereas before, we looked on at excessive house prices / rents as an amusing subplot, it’s now an all-consuming worry. Having stepped off the housing ladder ourselves (quite deliberately) we now can’t afford to climb back on. If we can’t afford it, how will our children? Our only opportunity will be when our parents pass away and their homes come to us by way of inheritance. Given we plan on hanging around as long as possible, we don’t want the same for Dexter and Heidi.

So when I recently stumbled on this post by Pocketful of Rye, sharing the results of a survey commissioned by My Voucher Codes, it really made me think. They asked over 1000 families here in the UK what most concerned them about their children’s future and broke the results down by region. Here’s the top-line:

London - Financial instability and economy – 48%
Scotland - Extremism, terrorism and safety – 30%
South West - Extremism, terrorism and safety – 43%
South East - House prices and high rents – 75%
Wales - Financial instability and economy – 60%
West Midlands - Financial instability and economy – 71%
East Midlands - House prices and high rents – 40%
Yorkshire & the Humber - Financial instability and economy – 60%
North East - Financial instability and economy – 57%
North West - Extremism, terrorism and safety – 68%
Northern Ireland - House prices and high rents – 33%

Whereas at first glance it would seem my own concerns neatly support the results (I’m in the South East), in fact they’re a real mix of all of the above. Although I hope, by the time the kids are of working age, that the economy will have miraculously reset, I do worry they’ll never experience a boom quite like we did in the 80s. Craig is old enough to have experienced this firsthand, whereas I did so indirectly via my parents. As an 80s child we had a large home, all of life’s luxuries and went on some epic holidays. Although, of course, I want my children to exercise financial caution and prudence, their own first paychecks will be under far stricter scrutiny than ours ever were.

Yet extremism and terrorism are also a MAJOR concern for me. I simply don’t believe this country is equipped to deal with the growing potential for civil unrest. We have a population of 650 people per square mile with a large proportion of us residing in terraced houses in tightly packed towns and cities. Although I don’t ascribe to the view that Britain is full, and do share in the compassion many of us have physically, financially and emotionally expressed towards asylum seekers and refugees, I do worry that our bulging communities could end up playing host to pockets of religious or political fundamentalism.

Let me be clear. I am not pointing the finger at any particular faith or group, nor do I resent living in a multi-faith community - rather I feel it enriches us as a nation. I do however feel that one day this idealist bubble will burst thanks to a die-hard few - either from within or outside our borders. In fact, the pin could just as likely come from a nation beset by political instability, or from a racist sect.

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Although 99.99999% of us respect our neighbours and enjoy living within full and vibrant communities, it only takes a handful of deluded people to shatter the peace, and where better for this to happen than in such a densely populated environment. In fact our density as a nation would make any riot, bombing or otherwise even more devastating.

In it’s crudest sense, I don’t believe Cameron, Brown, Blair or otherwise have done enough to nip dangerous rhetoric and narratives in the bud, and neither have we. My only hope is that my children can enjoy the relative religious freedom we have today and not be repressed by the few that so incalculably want to destroy it.

What do you think? Do you worry about your children’s future here in the UK?

 


Frugal families: Saving thousands with online estate agencies

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Moving is right up there as one of the most stressful life experiences you’re likely to undertake. Craig and I are actually serial renters and have somehow managed 5 house moves in the 4 years we’ve been together. Obviously we had our own properties when we started dating, then just one month after moving into a swish pad of our own, we discovered our plans for starting a family had been somewhat expedited! Throw in some job moves and a house that didn’t live up to expectations, and we’ve kept our local van company in business singlehandedly.

House move

We’ve both owned houses in the murky and unspoken world of previous relationships, and those pots of money are still relatively untouched, but a life in Australia beckons so buying again isn’t a priority for us. We live in one of the most expensive counties outside of London and a home to house us all comfortably would set us back £350k - much more than I can bear to part with in this climate of political posturing as we gear up to the General Election.

So we’re part of the private renting fraternity, and it seems we’re not alone. Due to a positively calamitous mix of bank-busting deposits, lack of confidence in the market and a severe shortage of affordable housing, there are millions of us lining our landord’s pockets. And let’s face it, hefty estate agent fees don’t help.

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Yet help is out there in the form of online estate agencies.

Far from being faceless websites embroiled in ruthless profiteering, online estate agencies could be the model of the future. As homeowners become more property savvy and technology literate, there’s an increasing disgruntlement over traditional estate agency fees. Having to hand over up to 1.5% of your house’s sale price for marketing your property and showing it to buyers, seems excessive (particularly when we consider rising property prices).

Last month online estate agency MOEA conducted some research that found homeowners in Britain could have saved £3.5billion in 2014 if they’d sold their properties online. For as little as £349, MOEA offer the same fully professional services as typical high street agents but instead of taking a hefty commission, they have a range of upfront packages to support homeowners with as little, or as much hand-holding as they need (representative of an average saving of £2,900). This significant saving is possible as online agents don’t have to fund chains of offices, large staff payrolls and commission for sales staff - without trivalising the matter, it really is common sense.

Having been stung by estate agency fees in the past, I’d certainly be investigating this new service if the need should ever arise. In fact, I have a sneaking suspicion the agent that sold my house did a little more than plump my cushions before inviting in prospective buyers. I was open to the idea of him flinging the vacuum cleaner around (not that it needed it!) but what I’ll delicately refer to as my “personal drawer” in my bedroom had definitely been disturbed. It didn’t bode well when he’d been desperately flirting with me during the valuation - he even sent me a friend request on Facebook!

How about you? Would you consider an online estate agent when selling your property?

 


Argh!!!!!!!! House Price Whinge

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Craig and I have rented since our relationship began. I’ve always been pretty insistent we do given that right now, I’m not convinced that now is the time to buy. Recently however, I’ve become seriously fascinated by my friends and just how they’ve reached ‘Homeowner Status’ at my age (I’m in my early 30′s… push me to be more precise and I’ll have to de-friend you!). Okay, I live in Reading and we’ve got some of the highest house prices outside of London, but if they’ve managed it, why haven’t I? I’ve earned good money in previous roles, and Craig has worked long and hard to get where he has. Yet somehow, if we apply the magical ’4-and-a-half’ times formula to our pay packets, the best we can come up with is a dingy one-bed maisonette on Rightmove.

But it doesn’t stop us dreaming…

Craig and I watched a program recently called The House That 100k Built, and have been pretty much obsessing over the idea ever since. It’s a fascinating docu-series about how cash-strapped people have flexed their depositless muscles, begged and borrowed off friends and the bank manager, and adopted the strategy that ‘currency is king’ in the most risky way possible - they’ve scraped that 100k together and it either works or their address will henceforth read as their local park bench.

The results were surprisingly impressive. As you might expect, some ‘expert’ was on hand to help Mr and Mrs X root through their local salvage yard, and of course there always happened to be a scrap metal dealer five miles down the road from the build, but they never failed to clobber something vaguely home-like together. Given we have double that budget, I’m pretty sure we could build something epic if we came across a patch of land for sale.

There’s something incredibly romantic about designing your own house. You can steal precious metres off your child to create the ultimate master bedroom, finally decide for yourself where those pesky plug sockets will go, and ensure the fixtures and fittings meet the standard you’ve been lusting after.

The problem for me, that is kind of insurmountable, is that we’d be homeless for the duration of the build. The series certainly suggested that this is more of a project for a young couple or single man. They’ll buy a lonely looking caravan and live in the perimeter of the build until it’s over, or camp within the leaking house shell as it’s built around them. With children this isn’t practical at all - and let’s face it, the closest I’ve come to ‘roughing it’ is staying in a university halls of residence for 8 months. Add to this the fact that the pair of us utterly useless at DIY (Craig’s brother is due round ours in an hour to fit a child lock on our cleaning cupboard) and you could say it’s a recipe for disaster.

The rewards however, can be huge. With a smaller mortgage, that elusive homeowner status, and a house that you’ve built to satisfy your unique needs, you can live in it for a few years until you’ve outgrown it, then realise its value and sell. With most of the builds on the series showing a minimum ROI of 100%, it’s an investor yield that Ms Beeney herself would be proud of. Given the ultimate goal is to move my family to Australia, having a home to sell here would certainly give us more security when we make that move.

Certainly makes you think…

So can it be done? With a young family and some pretty lofty requirements for a new home? Have any of you looked into it?

 

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