We All Want Our Own Homes!

shellsuit

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

I want to rent as I am for 10 years or so, then sod off abroad and kiss the UK bye bye.

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.

pickledpink

mewbie wrote: »

I only want one home, and that's PickledPink's, when it comes up as a repossession at an auction.

Unlikely my house will come up for reposession, Newbie..........I own it and don't have a mortgage.

Happy days.................................:p

wymondham

pickledpink wrote: »

It's a good feeling to know that you're actually purchasing your home, and one day it will be yours. All YOURS!

It's a great feeling to know that you are in charge of your home - you have no-one to answer to; no-one to dictate and tell you how to live and what you're allowed to do.

You can decorate it exactly to your liking, knowing your input is increasing the value of your property - and you're reaping the benfeits by living in a place exactly to your taste.

You can sleep easily at night knowing your landlord will not be able to issue you with an eviction notice. You are essentially King of your Castle.

You paint a very rosy picture of home ownership, completely ignoring your responsibilities. What about the costs of maintenance of the house that you have to pay? - I've just spent £3k on a new heating system and spent loads of weekends recently painting and recarpeting etc.... I don't enjoy the ongoing costs at all despite the warm feeling of 'it's all mine!'.

I don't care in the slightest what my house is worth, but I am relieved that I wont be effected by negative equity as so many will be (bought in 1996).

My house won't feature in my retirement at all as I still need to actually live somewhere, and if I do fall ill I'll more than likely have to sell it for care - where is the warm feeling now after all that hard work?

You are right in that generally buying your home is better than renting .... but definately not in a falling market!! My personal view here is that those that have bought in the last few years will be getting into negative equity fast and we are about to see the amount of posts on this explode as people realise this.

The days when I rented were the best of my life - owning your own home is not all rosey by any means...

lostinrates

We might all WANT our own homes but I wonder if that is necessarily best for everyone.

In cidently, I want to bathe in money and be a supermodel. doesn't mean I have the wherewithall to do either.

It is my conclusion that WANT has become a very dangerous word today.

I think we all need homes but I don't think that means we all need to be home OWNERS.

clobber_2

Oh dear, pickledtinkle. Bless your little cotton socks but people don't actually all have the same hopes dreams and aspirations. And thank god for that cos I couldn't cope with the competition.

Frankly, having owned a house before and not enjoyed it particularly, the sinking feeling when the roof started leaking, the fact that actually I didn't have any time to do the DIY, the fact I couldn't offload it easily when my circumstances changed and I was working 150 miles away, the great yawning awfulness of the grown-up responsibility of it all....quite frankly I am quite enjoying renting at the moment.

Maybe one day I'll want to buy again but not at the moment, no thank you sir. And when I do I want a house to live in, not as a pension pot, I have a pension thank you very much and I suspect it is a lot safer than property.

GracieP

I've rented and I've owned and now I'm renting again and I'm a hell of a lot happier in this rented home than I was in the house I bought. I'm happy because I live in a much nicer area for less rent than my increased mortgage repayment would have been. I'm happier because I have lots of money in the bank, earning lots of interest and allowing me stop working and start a family. And I was bloody happy the day my oven packed in and my landlord had to pay to replace it and not me.

Where I live is my home, I'm proud of it. I keep it looking nice and well maintained. But whenever there are major jobs that need doing my hand stays in my pocket.

PayDay

pickledpink wrote: »

Unlikely my house will come up for reposession, Newbie..........I own it and don't have a mortgage.

Happy days.................................:p

You can't seriously think anyone here is stupid enough to believe that you are mortgage free. Do you?

You spend a lot of time starting threads trying to talk the market up. Someone who is mortgage free is not that bothered about the house price crash unless they are trying to downgrade.

I suspect you are either a BTLer or FTBer and have entered into the property market in the last 2 years.

Nenen

pickledpink wrote: »

Having looked at many of the threads here it's quite apparent that most people dream about owning their own home. And it's obvious why that is. It's a good feeling to know that you're actually purchasing your home, and one day it will be yours. All YOURS!

In the meantime it belongs to the Building Society and you're paying more in mortgage than it would cost you to rent

pickledpink wrote: »

It's a great feeling to know that you are in charge of your home - you have no-one to answer to; no-one to dictate and tell you how to live and what you're allowed to do.

Until the neighbours from hell move in next door making your life an utter misery but effectively stopping you from selling... oh and the local planning department might 'dictate' what you're allowed to do or not do to your house too!

pickledpink wrote: »

You can decorate it exactly to your liking, knowing your input is increasing the value of your property - and you're reaping the benfeits by living in a place exactly to your taste.

Except where your taste in tacky laminate flooring, slippery decking, garish colours, flocked wallpaper and a bedroom decorated to look like a tart's boudoir is not to the taste of potential buyers who immediately offer less. Alternatively you could spend several thousand pounds adding double glazing, kitchen etc only to find it only adds half as much value to the house as it cost you to do.

pickledpink wrote: »

You can sleep easily at night knowing your landlord will not be able to issue you with an eviction notice. You are essentially King of your Castle.

Or you can lose your job, not be able to pay your mortgage, not be able to claim any help for said mortgage for several months and lose everything. The BS reposesses your house, sells it for less than you paid for it and leaves you still owing then money.

pickledpink wrote: »

It's very rewarding, and good reason to feel proud when you invite friends round to your own little piece of this planet - and it belongs to YOU!

...and your ex-husband/wife who takes you to the cleaners in the divorce hearing, ensuring you have to sell up and lose most (if not all) of your equity. Alternatively, the local council want to build a new motorway/runway and make a compulsory purchase order and 'your' piece of the planet is not quite as secure as you thought!

pickledpink wrote: »

It gives you a sense of achievement and satisfaction, and that's why people take pride in their own properties. They do all the DIY stuff because they know how rewarding the outcome is.

... and spend all their free time painting and decorating then become house price bores at local dinner parties for other suburban misfits discussing the value of their properties at instead of living life and enjoying everything it has to offer.

pickledpink wrote: »

It's a very good feeling to know you're secure, and one day in the future your property will treble or quadriple in price to give you a very comfortable retirement.

...and will be sold to pay for your care in an old people's home whilst others, who have not made all the 'sacrifices' necessary to own their own homes, have their care paid entirely by the state.

pickledpink wrote: »

Of course, you may have to make a few sacrifices at first (most people starting off on the ladder has to tighten their belt for the first few years)...........but the reward is that property rises, and rises, and rises with time.......................and that's when you reap ALL the benefits. Meanwhile you've lived in a HOME - and you can't put a price on that. Obviously, we will have the odd blip or crash every decade or so - but you ride the waves just like every other property buyer does. If you can afford your mortgage - and you have no intention of selling imminently then the occasional dip makes no odds!

...unless you are unfortunate enough to get divorced, become ill or be made redundant during a downturn and then you're stuffed!

pickledpink wrote: »

I expect that the doom-mongers will pipe up with stuff like How will we get onto the ladder in the first place? How will we afford the mortgage?

My answer to them now is exactly how everyone else has got on the ladder already. And how the masses CAN afford their mortgages...............it's only the silly (sometimes greedy) ones who took out mortgages they could not afford. The banks play a part in that too - but no bank put guns to the heads of these borrowers.

...but the banks and building societies did use very clever sales techniques to 'encourage' people with less education and information than they needed to take on ridiculously high loans. It is all very well for the more educated, well-informed and sensible among us to be so condescending towards those less able than ourselves but we are part of the society who patronizes the less fortunate with 'carrots' and untenable promises dangled in front of them and then derides them for 'biting'.

pickledpink wrote: »

There's THOUSANDS of very affordable properties on the market now - and instead of people greedily praying for a 4-bed detached to fall to suit their pockets - they should realise that you have to CLIMB up to those - and start off at the low end of the market before they miss the boat yet again!! And they will do! Just watch!

Yep... you do that because, as we all know, you want to spend your whole life trying to 'climb that ladder' as it is the only measure of success and happiness known to mankind! Having said all that.... I would like to own my own home but I'm not prepared to make it the most important thing in my life... my family and friends will always be far more important along with my enjoyment of all that life has to offer, of which owning a house is a small part!

I'll watch but I won't hold my breath!

Pobby

Ummm, just had a thought. Home ownership is much better!!!!! You can`t mew if you rent! Rofl!

Jumping_Bean

Post one of this thread has got to be the most depressing thing I've read on this forum. Forget all the doom and gloom this is a new low. 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. What a depressing outlook on life. Very sad.