I got talking to my mum the other day and she was discussing her dream to go on this holiday of a lifetime. She said that she made for her home and that she didn’t need to worry about things like a mortgage. I discussed my mortgage my age and how the prices of homes have risen so high over the years compared to her time when she was younger. Some things are better now but also they can be tough going especially for the young couples like myself trying to get their foot on the housing market and make a home mine.
I think my mum is now at the age where she can enjoy her retirement and think about doing some exciting things that she wants to do. She wants to go explore the world and now at the age she is, she can go to Egypt and see the pyramids and ride on a camel. She is fortunate to have that security to know that she has paid her mortgage and can feel secure knowing her home is for life. She can do anything she wants, she could redecorate her home if she wanted to.
It was interesting to hear my mum tell me that she looked into how much her property had increased over the thirty odd years since she had brought her home. It was the best decision for her to buy and invest, she can now enjoy her life knowing that she has been rewarded later on for paying her mortgage. As much as I appreciate her success regarding getting raise her value to her home. I can’t even manage ever owning my own home or if was fortunate how long would it go on for till I finally get to pay off the whole mortgage. These times are uncertain, they’re not as secure as when my mum was younger. Security and a job for life are not always definite. You could lose your home if you lose your job and not manage the payments. It is a much riskier era to be in when considering homes.
I know it was a lot easier 30 odd years ago when my mum brought her home, the prices were so lower, click here to check how much your property is worth. It was much easier for people of my mum’s generation to quickly pay off the mortgage when my mum brought her home in 1980 it only took her 13 years to pay off. The thought now just doesn’t seem imaginable. Not to mention my mum having much more choice, she has a 3 bedroom semi-detached for £25,000. I can’t even imagine me affording that size property and definitely not for the price. The rise of the cost of the property over the last 30 years is mind-blowing.
So, as you can see my mum was lucky to be around at the right time where now she can sit back and reap the rewards of the increase of the value of her home that she can have the dream of riding a camel.
Cheers for reading X
This is a sponsored post, however all opinions expressed are entirely my own.