Would renting make you bitter?

breadlinebetty

Some people claim that renting gives them freedom to move at the drop of a hat, but what ost home-owners do if they want to move at the drop of a hat is they rent out THEIR place, and go off and rent a place where they want to stay for 6 months or so. Simples. And you usually make a few bob into the bargain.:D

MRSTITTLEMOUSE

If it was a decent,well maintained property and I felt I was getting my money's worth then no.
It would still be a place to live and that's all that would matter realy.

Jonbvn

Generali wrote: »

.....the ones with an exaggerated sense of entitlement. The middle class versions of the grasping long-term welfare claimant.

I think I know who you mean.;)

Jonbvn

macaque wrote: »

Wednesday: I was sitting in the living room relaxing when they announced house price falls of up to 30% in 2011. I don't remember much after that.

Hate to burst your bubble, but that image is clearly of a female, whereas Sibley is a well known misogynist.;)

Callie22

Renting when it's a choice, when you know you've got the option to buy a home at some point - no, that won't make you bitter. Facing the fact that you're probably going to be renting for the rest of your life, despite working hard - yes, that probably will make you bitter. Living in a situation where you're using your wages to pay off someone else's mortgage (and probably paying more per month that you would be if you could buy), when you've got no real security of tenure, no realistic way of guaranteeing a decent level of maintenance or service, no option to personalise somewhere that's meant to be your 'home', no real privacy because if you start refusing access to a LL (however reasonably) then chances are you'll get notice ... I'll fully admit that I probably am a bit bitter that home ownership probably won't ever happen to me, just because I was born a few years too late and I don't have the kind of family that can help me get on the ladder. Doesn't mean I'll stop trying, and I certainly don't expect a home to fall into my lap, but I need to be realistic. Renting - especially when it's long term and it's your only option - is grim. It's made worse by the increasing numbers of LLs for whom it isn't a 'business'.

It's like anything - when it's your choice, you live with it and it doesn't make you bitter. When it's not a choice, you start to resent it.

halight

When my wife and i first moved in with each other 6 years ago we rented a house. For 2 years before we brourt the one that we live in now. In fact i wish that we still lived in the other house as it was a lot bigger that the one we have now. We had twin girls 2 two and a harf years ago and this house in not bigger enough for for now. We are unsure about selling and buying another house bigger. As we dont think that we would get what we paid for it even know we have done quite a lot of work to the house. In our area many people lost there jobs in the crash, And with the Gov cutting spending im sure there will be many more people out of work around here.
I dont mind reating and i dont mind buying. Both can suit and be a usefull at times.

We shall sort our houseing needs out at somepoint and if that means renting again then we will rent.

THE_GHOULS_PARADISE

OF COURSE RENTlNG MAKES THE GHOULS BITTER WHY DO YOU THINK THEY ARE ON HERE AND HPC.CO.UK TWENTY FOUR SEVEN DESPERATELY CLINGING TO EACH OTHER PRAYING FOR A CRASH. REMEMBER THESE GHOULS HAVE BEEN ON THESE WEBSITES SINCE 2002. THEY'RE LIKE AN IDIOTS PARADE IN CIRCUS TOWN.

macaque_2

Jonbvn wrote: »

Hate to burst your bubble, but that image is clearly of a female, whereas Sibley is a well known misogynist.

Scientists at the 70% club have studied this photograph at length and confirmed it (despite appearances) to be male. Recent events in the housing market has caused big reductions in bull testosterone levels. As a result bulls have suffered extensive loss of body hair and dramatic shrinking of their winkies.

Herbie_Hancock_I_wish

THE_GHOULS_PARADISE wrote: »

OF COURSE RENTlNG MAKES THE GHOULS BITTER WHY DO YOU THINK THEY ARE ON HERE AND HPC.CO.UK TWENTY FOUR SEVEN DESPERATELY CLINGING TO EACH OTHER PRAYING FOR A CRASH. REMEMBER THESE GHOULS HAVE BEEN ON THESE WEBSITES SINCE 2002. THEY'RE LIKE AN IDIOTS PARADE IN CIRCUS TOWN.

Yes I know.

However the thought of a crash was not really that unreasonable considering the amount of house inflation that was going on. Against a back ground of low wage inflation I fully understand why so many, my self included, thought that the wheels would fall off at some point.

Easy lending, lie to buy, and possibly btl did have an upward pressure on the housing market. Also, Hamish does have a point regarding supply.

All this came at the time of dropping pension annuities ( tell me about it ) so the money had to go somewhere.

If you do the sums, interest rates were averages at around 8% for decades, at one point reaching well over that in the early 90`s. Wrongly, after being hit by that myself, I thought it unlikely that house prices would get out of control. Indeed Brown promised controls on the housing market, got that wrong I feel.

I am sure that the historical 0.5% BOE rate does, in some way, reflect an over priced housing market.

Out of interest I have dealings in Spain and Southern Ireland, where I am hearing stories of 50% drops in property prices. In fact in Eire, there is talk of knocking down some of the unsold new builds.

Btw, not bitter as I do own my own house, not quite so happy re annuities though.

MonkeySaving?

Doesn't make me bitter, quite happy paying £595 a month, split between two on a house valued at £350k :money::beer: