A RETIRED couple have moved from their spacious five-bed family home to a modest little three-bed that is still far beyond your buying power.
Bill and Janet McKay have downsized, yet stayed in the same desirable area that is apparently ideal for young families but impossible to afford if you are not an investment banker or in your 60s.
Janet McKay said: “Selling our house for an 800 per cent profit was a tough decision, but being cash buyers meant we could easily beat any mortgage-seeker to the best smaller houses in the area.
“The new place feels a bit pokey but we’ll get used to having just the two bathrooms, and we think we can manage with one sitting room. We’ve accepted we’ll have to rough it a bit now that we’re only living off our enormous final salary pensions.
“We have such fond memories of raising our family around here, so it feels right to stay and drive the prices up further. Not that any young people can afford to buy here now, of course, because they’re so dreadful at saving.”
Son Olly McKay said: “Inheritance? Unlikely. They’ll piss all the cash from the house sale away on cruises and garden furniture. Why can’t they just die already?”