We All Want Our Own Homes!

Jumping_Bean wrote: »

I know pickledpink doesn't actually believe anything he's said but what's scary is I think there really are people out there who would agree with him and already think like this.

I agree with the OP, at least the part of the original post where he mentions that a lot of people on the hOusing board want to buy their own home. I think that probably 99% of people on the housing board want to own their own homes or they wouldn't be in the least bit interested in house prices or house crashes.

I don't agree with the sentiment of the post though and feel that at best it's pure gloating and at worst it's a sad way of getting attention.

People want to own their own homes but at a price that wont break them and will allow them to afford other important financial packages such as emergency savings and pensions. Buying a house at peak with a huge mortgage usually means that you have very little disposible income. Better to rent for life and have enough spare cash to build up a decent pension pot than to retire and have nothing more than a house.

If you have a decent monthly income from a pension when you retire then you can afford to continue renting and have money to cover all bills, etc. If you only have a house then how will you afford the bills?

Downsizing won't net as much as people think, given the costs of estate agents, legal costs and stamp duty on the smaller home. Moveing abroad to a cheaper country is fine until you need regular medical attention and discover this is only available private if you attend a modern health facility. Sadly something that is almost inevitable as we age.

Dithering_Dad wrote: »

I don't agree with the sentiment of the post though and feel that at best it's pure gloating and at worst it's a sad way of getting attention.

Or.. at best it's a sad way of getting attention and at worst it's pure gloating. Depends how you view attention seeking against gloating I guess, for me gloating wins the bad biscuit every time. But then I'm an attention seeker.

er.

Apart from that minor thing, once again I agree with you 100%. This (agreeing with DD) has to stop.

shellsuit wrote: »

I already have my own home ~ I don't own the house, but I still have my home.

I pay less rent than I would be paying for a mortgage, anywhere in the area where I live ~ and I rent privately too.

I don't have to worry about repairs, or the house falling down as it's not my house.

I could move when I want, to where I want and not have to worry about the sale of the house and chains and fees etc etc...

Nah, owning my own house (note, not HOME), is not for me thanks.

Exactly. I'm 24 i don't want to have to worry about the boiler breaking or the roof leaking.
The front window is beginning to rot... quick phone call to the LA and the LL came round for a visit with someone to get a quote for new ones
I can't be bothered to redecorate (I take after my parents who have decorated their house twice in 25years - once when they moved in and once about 10 years ago).
The only benefit to home ownership is that i could have a kitten.

Alybea wrote: »

... The only benefit to home ownership is that i could have a kitten.

Is that because you could release the equity for a genetic engineering project? 'Cos I have had kittens [plural] twice with mortgage rates reaching 15% - but I wouldn't count that as a positive aspect of home ownership.