Cheaper to live in a hotel than their own home.

Snooze

flea72 wrote: »

i think the food bill alone for the month, will rack up more than the £500 she has saved.


you arent allowed to cook in hotel rooms, so they will have to eat out every day, and thats not a cheap feat. even at a supermarket cafe it would cost a family of 4 at least £10 per meal, so thats £300 for a month of evening meals, let alone lunches and drinks on top
Also, you tire of restaurant food. I know, we tried staying in a travelodge for 2wks recently, i was dreaming about veg and simple home-cooked meals, by the time we left!

But sharing a bedroom with your kids for a month, will take some getting used too as well. You cant watch tv without disturbing them (let alone getting up to anything else ). And the storage is a nightmare. Living out of a suitcase is no fun.

Also if they really wanted to be moneysaving, they should have booked a £9 a night travelodge :rotfl:

Flea

In the case of Holiday Inn as the article states, then yes, you're right, but I reckon that with some shopping around they could find an independent B&B that would do them a better deal than Holiday Inn and in fact they might get their evening meals thrown in too for the same price, or not too much more anyway.

Seems a bit of a drastic measure to me to save £500 and that is assuming you can get tenants in who will pay what you're asking, not trash your home and leave on the date agreed. If we were talking a £5000 saving then it may be worth it, but not for £500 vs. the hassle factor. Still, anything for some fame in the Daily Mail I guess :rolleyes: .

Rob :cool:

lostinrates

There was a thread on house buying on this too I think. I believe I said the same in that ne:

taking ''rooms'' in hotels on a longterm basis, was not uncommon in the past. I never thought it would come back though.

barrymoney

Rents for decent places in london are so high I guess the numbers might stack up.
It must be hard to live with no proper address though... I wouldnt want to live that way.

matbe

In the financial breakdown it clearly states "rent"

Is this their own home or are they renters?

Their soa does not wash,if they posted on dfw the regulars would rip it apart faster than a pack of hounds on a fox.

No insurance?

What about letting fees,hip pack to rent?


Daily mail nonsense as usual.

Jennifer_Jane

If you can get a room for £9.00 a night, then it's far cheaper than renting for a short period of time ie a couple of months. This idea may be the answer on what to do when (HA!) I sell my house. Was very concerned about going from £60 a month mortgage repayment to a rental of £400 or so. This could be the answer. Thanks MSE!

Jen
x

Former_Spice

What are they eating for breakfast?!?!?!?!?! £350!

ad9898 wrote: »

£500 a month cheaper to live in. Unbelievable.

Monthly living expenses at home
Rent £1,332
Gas and electricity £108.34
Water £26
Council tax £110.08
TV licence £11.63
Basic cable £16
BT landline rent £10.50
Breakfast £347.84
Basic internet £15.99
Cleaning lady £25
TOTAL HOUSEHOLD BILL £2,086.71
HOTEL FAMILY ROOM DEAL £1,496

http://www.dailymail.co.uk/news/article-1168935/Credit-crunch-family-rents-home-month-moves-hotel--cheaper.html

baby_boomer

Lotus-eater wrote: »

Daily Mail, need I say any more

Here's a former MSE thread about cheap living in a hotel with links to Guardian and Independent articles

sabretoothtigger

Why waste money on a hotel, you could spend it on mobile accommodation though they'd need two I think
Truckers do this every day to make a decent wage while paying the bills on a house so its nothing new

Spark

If you go along with your neighbours, you can invite them to live with you for a month while they rent their home, then for a month you go and live with them while you rent your home for a month.
Neighbours should help each other.....:D

Really2

This as got to be the best bit.
The 36-year-old came up with plan after the family decided it could not afford to go away on holiday this year because of the global financial crisis.

What so make your family live in one room for 50 weeks so you can have two weeks away.

What a stupid idea why not just find a cheaper place to rent?
Or buy, mortgages are cheap at the moment.;)