"Rent money is dead money"

worried_jim

StevieJ wrote: »

You would be lucky to be paying £800 for ever, more likely £800 plus inflation increases.

Absolutely right, I meant £800pm in real terms as proportion of my earnings.

punkstoner

I am really starting to hate the use of the term 'dead money'. All money is dead money.

I dont feel no pulse on a tenner........ever.

Broken_hearted

punkstoner wrote: »

I am really starting to hate the use of the term 'dead money'. All money is dead money.

I dont feel no pulse on a tenner........ever.

Ok wasted money

punkstoner

why is it wasted money? I just dont understand.

I think some people like to think they are better or richer, just because you have more debt.

I cant really figure out what the OP actually owns, apart from debt?

Simons-Photography

Sally_Gee wrote: »

I hated renting back in the early 90's. landlords that can call in and "inspect" your home, being told what you can and cant do in your "home"

Lets face it renting is a second class lifestyle for those that must

Well we rented our house out to a family for 14 years, they "were" our "friends" they also are so called "christians" they wrecked the place, they did thousands of pounds worth of damage and thousands more through lack of maintainence, the agreement was that the rent was cheap and they would attend to repairs, they never ever did any repairs and the few attemps made just made things worse. We just wish we had been here to kick them out after 3 years and these were supposed to be our friends. unfortunately if people are not civil and don't treat other peoples property with respect you can expect said landlords to expect to keep check. when we rented we always asked the landlords permission for alterations or discussed repairs. How do you think we felt comming back to find our house smelling of p!ss and yellow marks on the ceiling not to mention the bathroom smelling like the sewer when we liften the lino to replace it. of course nowadays estate/letting agents don't bother to check anyhow they are less reliable that the tenants they get in. when we thought of selling our house we came to it one day to find that it was wide open and food marks on the walls, obviously either the agent was a total assholse and left it open or gave the key to someone to just go and look by themselves.

tesuhoha

punkstoner wrote: »

why is it wasted money? I just dont understand.

I think some people like to think they are better or richer, just because you have more debt.

I cant really figure out what the OP actually owns, apart from debt?

A mortgage has always been thought of as acceptable debt even in the days before credit cards. There never used to be all this bitterness when most people could buy a house if they wanted.

Owning a house means you have the security of moving when you choose, something to leave your kids and if you want to bash it around to make it your own you can. The mortgage seems just like rent except that you eventually don't have to pay it anymore and the house is yours and no person can kick you out of it. I don't own my house outright yet but I dont care about the prices going up and down because i dont want to move and its our home where we live.

punkstoner

tesuhoha wrote: »

The mortgage seems just like rent except that you eventually don't have to pay it anymore and the house is yours and no person can kick you out of it.

That does not make sense. Ever heard of charging orders???

Ever heard of old people having to sell up to pay for a care home place???

Owning does NOT make you secure for ever. Owned property or not, ones life can change in a heartbeat. Literally.

Cleaver

Reading this thread anyone would think that renting had it's pros and cons and suited some, whilst buying also has its pros and cons and suited others - who knew there was a right and wrong side to it? I stand corrected and informed.

It would appear quite difficult to reach a cessation, but I'm of the opinion that you guys are making real progress with all these insults, pointless comments and blind opinion that your stance is the only correct one and I reckon you will come to a successful and insightful conclusion on the age old "Buy vs Rent" debate by around 6pm tonight.

In the mean time I'm going to contact The Economist and see if they are interested in purchasing this thread for their next edition.

before_hollywood

Sally_Gee wrote: »

In this thread, people paying DEAD MONEY in rent try and make themselves feel better by fooling each other!

what about those that are living with family till prices drop?

beingjdc

Sally_Gee wrote: »

In this thread, people paying DEAD MONEY in rent try and make themselves feel better by fooling each other!

I don't need to come on the internet to make myself feel better.

I am £75,000 richer than I would be if I'd bought this flat on the day I chose to rent it instead.

To put that in context, it's more than I would have made if I'd done my job again, tax-free, as a nightshift for those two years.

Stupid term 'dead money'. I guess you've bought a farm instead of paying "dead money" for food at the supermarket, too? And bought an oil well instead of paying "dead money" to fill up your car at the garage.