Cable Forum - View Single Post - Financial watchdog tells the elderly to downsize to tackle housing shortage

tweetiepooh · 22-09-2015, 17:42

My folks live in the same 4 bed house I grew up in. They host "the family" at Christmas and other times as well as parties for friends and put up visitors. If they downsized they couldn't do this so why should they?

It's not simply a shortage of small properties but the high cost of up sizing. If people can't afford to move out of their current property they will stay, maybe extend (loft extensions are a good way to go where possible) but not vacate to a bigger property releasing theirs for others.

22-09-2015, 17:42	#23
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,350	Re: Financial watchdog tells the elderly to downsize to tackle housing shortage My folks live in the same 4 bed house I grew up in. They host "the family" at Christmas and other times as well as parties for friends and put up visitors. If they downsized they couldn't do this so why should they? It's not simply a shortage of small properties but the high cost of up sizing. If people can't afford to move out of their current property they will stay, maybe extend (loft extensions are a good way to go where possible) but not vacate to a bigger property releasing theirs for others. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.