What Would You Do ?

[pumpjack]

thinking of buying a home, then ill be rent / mortgage free rest of my life, when im in the box my daughter will get it and that will get her a good start in life.
home is approx 80k needs bit work done but ive money to do that too, so will near skin me.
on the other hand ive mates telling me to live my life and spend it, go on holidays " live ur life to the max you never know the minute " if im skint through no work then just sponge of the dole, sure dont most do it anyway dont they . thing is if i keep on going like that ill end up with nothing, 4 year ago i had 180k savings so i know what im like.
just want gauge some feeling, im 52 soon , i can work as long as my arms & legs still carry me.
i just want a place to call my own. my own wee palace . given my circumstances what would you do ? what is best choice to make

[Calicogirl]

Buy the property and get better 'friends'.

[Tilly2]

Buy your house. You know it makes sense.

[LadyCG]

Nothing wrong with living your life but please don't sponge off the state.

[bainbrig]

Half and half, Jack.

Buy a nice caravan
/park home by the sea (£40k will get you a palace).

The rest, live comfortably.

[jackthehat]

I'd make a decision and stick to it.....
You've been all over the place with your dreams and schemes.
Pick something sensible and achievable and do it.

[marval]

I would buy the home.

[ummmm]

You never seem to do anything about it anyway.

[Old_Geezer]

Once mortgage free you can save more easily for a holiday. There will be maintenance costs though. Otherwise your money/life, your choice.

[hc4361]

I've been mortgage free for 19 years and it's the best decision we ever made.
Buy the property.

[Bobbisox1]

You don't seem seem to be someone who'd 'sponge' off the state but at 52 I think I'd be saying ,get out there,enjoy your life and yes, go on holiday

[Buenchico]

I'd go with the majority view here and buy the house.

However you need to remember that there's no guarantee that it will pass to your daughter when you've gone. You might need to sell it before then to pay for your care home fees.

[Cloverjo]

It’s not easy to ‘sponge off the dole’.
Where are you going to be based while you’re jetting off on all these holidays?

You know what YOU want to do. Get your house and relax. You will still be able to afford holidays, but you’ll also have peace of mind.

[Bobbisox1]

I like Bainbrigs idea , a Park home and money left to enjoy your life, if we were younger I'd sell and do that

[CrapAtCryptics]

Buy the house by all means but put some time in on working out the running costs. Running a home is not a cheap thing these days.

[andres]

I would also go with the park home . Nice ,compact ,easy to maintain and clean. Plenty of money left over after paying park charges etc. Best of both worlds !!

[hc4361]

What happens in 20 years time with a park home? Will it be worth more?
What about the park fees?

[Bobbisox1]

Probably not hc but half of the money ( £80,000) would be sitting in the bank for his daughter if he chooses or for him to enjoy life for a few years as in the grand scheme of things ,£40,000 wouldn't last that long, I'd be interested to see what PJ has to say about the posts

[pumpjack]

" You never seem to do anything about it anyway."

and how to hell would you know that ! YCB

[pumpjack]

ummmm

You never seem to do anything about it anyway.

i could do, i might do lol
i could join the queue, buy the house, then start to claim benefits, get onto ESA , play on my severe gout attacks amoungst other illnesses inc bulimia and severe depression PTSS etc etc etc....
own home done up to the 90s, £80 odd quid a week in benefits, maybe even push for DLA or PIP they call it now after all i think i may just be entitled to that too.
oh and if i really wanted to i could even do the double ummmmm :)
sure everyone else is doing it, what can possibly stop me ?

[Bobbisox1]

Well then you've answered your own OP pumpjack, good luck