Since I moved to the UK, I've encountered many surprising things, but one has really caught my attention, which is why I'm talking about it in this post. In the UK, the cost of having a mortgage is quite high, and living here is expensive. It often feels like what you pay doesn't match what you get in return. This is my personal opinion.
People in the UK work hard and pay a lot of taxes. Some of that money goes into their retirement savings, while some is used to pay for their mortgages. However, as they get older and might become unwell, they can't take care of themselves, and they end up in a care home to get the help they need. Despite the fact that I have never worked in a care home, I have read and heard about them.
You make lifelong mortgage payments and continue to work until you are 55–65 years old, which is roughly the same age at which most people finish paying off their mortgage. Then you require care and are forced to sell your home to finance it.
I want to emphasize that the focus here is on those who have to sell their homes to pay for care after they have only completed the payment for it between the ages of 50 and 65. Don't misunderstand me; care services are vital for those in need of care. But my point is, if you've worked your whole life and paid off your mortgage, only to find yourself needing care when you are more than 55 and having to sell your home to cover these expenses, was buying a house truly a good financial plan?
It raises questions about whether taking a mortgage is the most effective path to a better life, considering the possibility of working tirelessly without securing financial stability in the end.
I'm genuinely interested in your thoughts on this topic.
Before I wrap up, if you follow me on Instagram, you've likely seen this gorgeous dress. But for those who exclusively follow the blog, welcome! This lovely dress is from Modlily, one of my favorite online shopping sites. They offer a variety of clothing, and their new pre-Christmas collection is already available at a 25% discount using the code: CHR25. Plus, you can snag the 5th item for free with the code: FREE5.
I must say, blue suits me splendidly, and what I adore most about this dress is its modest and flattering design. If you're interested in purchasing this Light Blue Twist High Low Short Sleeve Dress and would like to see a video of how it looks, just click the here.
My blue gown is available in green, light blue, purple, and grey. Small to XXL are the available sizes.
Outfit summaryBlue dress: Modlily
Shoes: Temu
Bag: River island
Thank you for taking the time to read. I always value your insights.
Feel free to pin this look. Wishing you a wonderful Thursday!
Yes, this is an issue. We seem to be working on something that we never truly get in the end...
ReplyDeleteIt can be frustrating when we invest time and effort in something and don't see the desired results. It's important to evaluate our approach and make adjustments if necessary.
DeleteWow, you look great. Have a nice day!
ReplyDeleteThankyou. I appreciate the kind words. Have a wonderful day too! 😊
DeleteSince we rent it isn't something we have to consider
ReplyDeleteYou look so pretty in blue
It's true, when you're renting, some maintenance and property-related considerations may not be your responsibility. Thank you for the compliment about the color blue! 😊
DeleteThis is an important topic that you have brought up. Housing in California is very expensive, and people sometimes can only rent and don't own homes, or can't pay off their homes. I've owned homes, but when it comes down to retirement years, you never know what is going to happen with your finances, and it's so hard, as you said, when people have medical care and such. One can prepare or save all their life, but things don't always work out the way they planned because of unfortunate circumstances that come their way. I am actually at the retirement stage in my life now, and the only thing that I do know for certain, is that I have trust in the Lord. He will provide for me always.
ReplyDeleteIt's smart that you are thinking of these things while you are still young, and I think it's very special that you appreciate and have compassion for the elderly as well as the young. You look lovely in this blue dress, by the way.
~Sheri
Sheri, your thoughtful reflection on the challenges of housing and retirement in California is so accurate. Life can be unpredictable, and having faith and trust is indeed important. I'm grateful for your kind words, and I appreciate your warm compliment about the blue dress. 😊
DeleteHere in Canada your home is no longer taken to pay for care,
ReplyDeleteBeautiful dress.
It's interesting to hear about the difference in home care policies in Canada. Thank you for the compliment on the dress! 😊
DeleteWe rent so it is not an issue with us. Nice looking dress.
ReplyDeleteI understand that renting can have its own advantages. Thank you for the compliment on the dress! 😊
DeleteI look at our house as a investment - as well as our home. In California appreciation of homes have risen throughout the years and we're at a place where we could sell and buy somewhere else outright. But we won't. Our home is our savings - for those emergencies. I shudder to think of those who don't have a home or property to fall back on. Life is life - and as much as we think we can plan for every crisis, God still orders our steps. I place my trust in Him and whatever happens I will deal with it.
ReplyDeleteYour perspective on your home as both an investment and a source of security for emergencies is wise. Trusting in a higher power and being adaptable in life's challenges is a commendable approach. Thank you for sharing your thoughts.
DeleteIt's a great question, and there's no easy answer.
ReplyDeleteYou look fabulous in this dress,
XOXO
Jodie
www.jtouchofstyle.com
Thank you for your kind words! I appreciate the compliment on the dress. XOXO! 😊
DeleteThanks for dropping by the Shipslog. Visited London a couple times, would like to return one day, but probably have aged out.
ReplyDeleteYou're absolutely right, and it's disheartening to see these issues affecting people both in the UK and the United States. Your perspective underscores the universality of the problem. Thank you for your insight.
DeleteGorgeous dress.
ReplyDeleteIn America, the elderly, especially low income people, are just about owned by the health care system. One illness could take years to pay off even with medical insurance.
Thank you for the compliment on the dress. Your perspective on the challenges faced by low-income elderly individuals in the American healthcare system is a valid concern. Medical costs can indeed be a significant burden for many.
DeleteLindo vestido. Te mando un beso.
ReplyDeleteIt truly is a sad state of affairs when this happens to folks. It doesn't happen just in the UK but also here in the States as well. You definitely make a good point.
ReplyDeleteYou're absolutely right. It's unfortunate that such situations affect people not only in the UK but also here in the United States and many other places. Your acknowledgment of this issue is greatly appreciated.
DeleteWell, we don't have a house and here in Germany, everyone is insured.
ReplyDeleteI love the dress! The colour and style suit you very well.
Thank you for your kind words about the dress, and it's interesting to hear about the insurance situation in Germany. Having everyone insured certainly brings peace of mind for many.
DeleteTener una propiedad siempre es una inversión, mientras un alquiler se lleva un dinero mensual también y nunca es tuya. Pienso que sí, vale la pena pagar una hipoteca, en principio, luego hay matices, como en todo.
ReplyDeletePrecioso vestido.
Un beso.
You're absolutely right; owning a property can be a solid investment. However, it's also important to consider the downsides of paying a mortgage, such as interest costs and maintenance expenses. It's a decision that comes with its own set of considerations. Thank you for the compliment on the dress! 😊🏡💰
DeleteI like your concern about this, it opens up my eyes to be more aware on how to adjust my finance so it goes to the right direction. Anyway, you look extra gorgeous with baby blue dress, very elegant!
ReplyDeletexoxo,
|CHELSHEAFLO|
www.chelsheaflo.com
Thank you so much for your kind words! I'm glad to hear that my financial advice is helpful, and I appreciate your lovely compliment about the baby blue dress. 💙💃 xoxo!
DeleteIt is more of a problem here when only one person in a couple requires expensive care. At least that person has a roof over their head...
ReplyDeleteYou're absolutely right; it can be a significant challenge when one person in a couple requires expensive care. Ensuring they have a roof over their head and access to the necessary care is crucial in such situations. It's a complex issue, and support and understanding are essential.
DeleteFabulous dress !
ReplyDeleteThank you! I'm glad you like the dress. 😊
DeleteIt is much the same here in the United States as well; though thankfully most people get a good 15-20 years to enjoy their house before they have to sell it for a care home and we do have laws in place so that if there is a surviving spouse still capable of living in their home they don't have to sell to afford long term care for the injured or sick one.
ReplyDeleteIt's good to know that there are provisions in place to protect the homes of those in need of long-term care in the United States. Providing support and options for individuals and their families during challenging times is important for maintaining their quality of life and well-being.
DeleteWhat a beautiful feminine dress! My parents are about to reach that time in their life. With health problems, I am not sure how long they will be able to live on their own (and we already have my mom in law living with us). They are older (80s) so they most likely will have to sell their home soon to help pay for cost of living in assisted living somewhere.
ReplyDeletewww.chezmireillefashiontravelmom.com
I'm glad you like the dress! It's understandable that with health issues and aging parents, you have concerns about their living arrangements. Transitioning to assisted living can be a difficult decision, but it often provides the necessary care and support for older individuals. It's essential to have open and compassionate discussions with your parents about their preferences and needs during this time.
DeleteLindo vestido, amiga Melody. Sem dúvida que combina maravilhosamente contigo.
ReplyDeleteGostei muito.
Deixo os meus votos de um bom fim de semana!
Beijinhos.
Mário Margaride
http://poesiaaquiesta.blogspot.com
"Thank you so much, Mário! I'm glad you liked the dress. Wishing you a fantastic weekend as well. Sending kisses back! - Melody"
DeleteYou look great in that dress :-)
ReplyDeleteWell, here in Germany the taxes are very high, too. A friend in Australia actually didn´t even want to believe us at first.
Health-wise the basics are covered, but I see many a retiree collecting bottles to have a bit more money.
What did the state do? Provide public bins with bottle holders so the rich kids who usually threw the bottles in the bin now put them there and it´s easier for the elderlies to collect them.
Makes me furious. Imagine, you were a kid at wartime, helped rebuild the country, worked hard all your life and your pension is so small you collect other people´s bottles!
And now we have the so-called "citizen's allowance"... those people do not have to work, they get enough money from the state for a small but lazy life. Will they also get a pension for free then and from what?
We are lucky, our families helped us, our condo is payed.
I agree, it's a shame to see retirees having to collect bottles for extra income. The state's actions, like providing public bins with bottle holders, seem like a partial solution to a much broader issue. It can be frustrating to witness hardworking individuals facing financial challenges in their later years. The concept of a "citizen's allowance" is a complex one, and discussions about who should receive support and how to sustain it are ongoing. It's great that your family's support and financial stability have provided you with some peace of mind in this regard.
DeleteThank you so much for your lovely compliment in my dress.
Such an interesting post. You look wonderful in that dress. Regine
ReplyDeletewww.rsrue.blogspot.com
Thank you, Regine! I'm glad you found the post interesting, and I appreciate your kind words about the dress. 😊
DeleteEm Portugal, as coisas não funcionam desse jeito. Em Inglaterra, o sistema de saúde não é bom e pelo que você falou no post, as pessoas trabalham uma vida inteira, ou quase, e depois quando têm de ir para um lar, têm de pagar hipoteca da casa. Um autêntico roubo.
ReplyDeleteVocê ainda é jovem, mas pense bem se ficará aí por muito ou pouco tempo.
Gostei do vestido, mas eu não compro nada on-line , porque gosto de tocar o tecido e ver como me fica. Eu sei que podemos trocar, mas para quem não é elegante, nem sempre dá certo.
Hugs.
I completely understand your concerns about the healthcare system in England and the financial challenges faced by many retirees. It's indeed a complex issue.
DeleteYour advice to think carefully about staying in a particular place for the long term is valuable; one's living situation can greatly impact their quality of life.
I appreciate your preference for in-person shopping, as feeling the fabric and trying on clothing can be a more reliable way to ensure a good fit and style. I'd be happy to add that Modlily seems to have sizing that suits different body types, which can be a great advantage when shopping online.
Sending hugs back to you! 😊
pretty dress and beautiful background....
ReplyDeleteThank you! I appreciate your kind words about the dress and the background. 😊🌸
DeleteWhat a great informative post. I've heard that the living standards in the UK is pretty high, esp. the housing market:(
ReplyDeleteBTW, your dress looks fab:)
Thank you for your kind words about the post and the dress! I'm glad you found the information informative. Yes, the living standards in the UK are relatively high, but as you mentioned, the housing market can be quite challenging. 😊🏡
DeleteThank you so mauch for visiting my blog. You are so beautiful woman. Sending hugs back to you! Good luck for you. Greetings from Poland.
ReplyDeleteYou're very welcome, and I appreciate your kind words! Sending warm hugs your way as well. Best of luck to you, and greetings from wherever you are! 😊🤗🇵🇱
DeleteÀ medida que vamos lendo esse preocupante texto, cuja situação quase nos deixa de mãos atadas perante os factos que descreve, vamos dispersando a nossa atenção pela beleza da modelo, cujo vestido lhe assenta lindamente.
ReplyDeleteHave a nice weekend.
Friendly hug.
Juvenal Nunes
Thank you for your message, Juvenal! It can be challenging to address these situations. I appreciate your kind words about my dress. Wishing you a wonderful week as well! Friendly hug back to you! 😊
DeleteMy partner livee in England, do every information about the UK is important to me. Very harsh reality, I must say...
ReplyDeletePS: You look beautiful in this dress 😀
I completely understand the importance of staying informed about the UK, especially when your partner lives there. It can indeed reveal some harsh realities. Thank you so much for your kind words about the dress! I truly appreciate it. 😊🇬🇧
DeleteThe problem exists here in the US as well.
ReplyDeleteYou look lovely.
You're absolutely right; many countries face similar issues. Thank you for the lovely compliment! 😊
DeleteQuello che sollevi nel tuo post è davvero un grande problema sociale.
ReplyDeleteSi lavora una vita, cercando di mettere via qualcosina e farsi una casa, per poi poter vivere in serenità gli anni della pensione e poi in un attimo il sogno svanisce
You've expressed a poignant and all-too-common reality that many people face in today's society. The aspiration to work diligently throughout one's life, saving diligently to establish a comfortable home and ensure financial security for retirement is a universal dream. It's a vision of our golden years when we can finally take a step back, relax, and savor the fruits of our labor.
DeleteHowever, the fragility of this dream becomes evident when we confront the stark realities of economic challenges and unforeseen circumstances. It's disheartening to see how quickly years of hard work and careful planning can unravel due to external factors beyond our control. These factors can range from economic downturns, soaring healthcare costs, or other unexpected life events.
What makes this situation even more disheartening is the emotional toll it takes. The feeling of hopelessness and the loss of the retirement dream can be emotionally devastating. It's a stark reminder of the need for systemic changes, improved safety nets, and more robust social support structures to ensure that individuals can age with dignity and financial stability.
While the situation you've described is undoubtedly sobering, it also highlights the importance of advocating for policies and initiatives that address these issues. Whether it's raising awareness, participating in community efforts, or supporting organizations that work towards a fairer and more secure future for all, there are ways to make a difference.
I can keep writing but what can we do than find a balance to win. Wishing you a great week ahead.
Thank you
Bom dia! Bom, ai já está quase entardecendo. Sua postagem nos mostrou uma verdadeira radiografia do Reino Unido. Que coisa! No final ninguém conquistou nada. Devo dizer que é uma moça linda e elegante. Grande beijo. Tenha um excelente domingo!
ReplyDeleteYour post truly provided a detailed analysis of the United Kingdom. It's surprising how, in the end, nobody really comes out ahead. I appreciate your compliments very much; you are very kind. Sending you a big kiss! I wish you a wonderful Sunday! 😊🌞
DeleteThis is a tough problem. My grandmother put her home/assests in her son's name to avoid the care home taking any of it for the cost of her care. Right now I pay a mortgage, but what will happen in the future? No one can say. It is a dilemma for all of us. Thank you for linking up.
ReplyDeleteYou're absolutely right; this is indeed a complex issue with no easy solutions. Many families face these difficult decisions, and the uncertainty about the future can be challenging. Thank you for sharing your perspective, and I appreciate your participation in the discussion.
DeleteThis is such an important topic friend and I've often pondered the same thoughts. I've seen this time and time again happen with loved ones and it really is heartbreaking. They came from a generation where you had to work for every single thing you had, and ultimately, they had to give it up just to receive the proper care. And sometimes sadly, I've seen where that care isn't so proper. I know you can get bad people working for literally any place at all, but it's just extra hard to see elderly people mistreated, whether it's because they've went into a nursing home or if they actually get to stay in their home and they have caregivers, but the government then gets their home after they pass away. It almost makes you not want to own a home or a car, or anything else that can be taken, but then again, I think it's important to work hard and be able to enjoy what you have too. This is a big reason why it's so important that we do our best each day to be thankful - for our home, our health, our family, friends, etc. Life changes so quickly and we just need to make the most of it as best as we can.
ReplyDeleteI absolutely love your dress by the way! What a beautiful color on you, and blue is my favorite color.
Make Life Marvelous
I appreciate your thoughtful reflection on the issue of elderly care and the challenges faced by some older individuals who've worked hard to accumulate assets. It's indeed a complex and often heart-wrenching situation. Being thankful for what we have and enjoying life's moments is a valuable perspective.
DeleteThank you for your kind words about my dress.
Wishing you a lovely week.
Hello beautiful, sometimes it seems that life is like running on a guinea pig wheel and you never reach your goal or if you are already close something happens. Beautiful blue dress.
ReplyDeleteIt can really be a difficult dilemma when the unexpected happens.
ReplyDeleteJill - Doused in Pink