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Debate House Prices
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Better to buy than rent!!
Comments
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I believe if you give up your job you get squat (or get to squat) you would need a timely redundancy.
Obviously you dont know the chavs!
If in doubt, punch your employer.
If forced to take a job you dont want.
Punch interviewer.
* or get some 'mental illness' so you can never work again.0 -
buying a house isn't for everyone...Can you tell me where you got this size of deposit from?
If you saved £500 a month after all of your outgoings it would take you 10 years to get the deposit together. With your rent figure of £750 thats £1250 a month after tax.
the people that find buying a house unaffordable are usually those that can't afford it...0 -
Maybe I have just missed the posts, but I don't remember anyone suggesting a lifetime of renting is the cheapest option.
But delaying the purchase can be a quicker path to home ownership when a) prices are falling and b) your rent is cheaper than the lowest mortgage available to you. For many people, both of these things are true today. All it takes is a bit of simple maths.0 -
Procrastinator333 wrote: »Maybe I have just missed the posts, but I don't remember anyone suggesting a lifetime of renting is the cheapest option.
Have a look in this thread
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I doubt it.
Never changed boiler? If not then you are probably throwing away 200-300 quid a year etc etc.
Never changed the kitchen? Same cooker as 25 years ago?
>25 year old carpets.
Sounds like a lovely home.
As I said on a different thread, replacing a boiler pays for itself with reduced gas costs. Someone renting is stuck with the boiler they have, no matter how inefficient it is. As long as the boiler works, they cant complain. The boiler we just replaced was working fine, albeit VERY inefficiently and was installed in 1995.
The rest isnt maintenance, its decorating and making the house look nice for yourself. For example, carpets. The ones in my house were again installed in 1995, they are OK but I am sure that I will replace them to match the decor we are going for. The kitchen and range cooker are also from 1995 and I could just leave them be if I chose. With renting, you get what your given, the reason many tenants dont have maintenance charges is because there is no maintenance taking place, apart from the bare minimum that is legally required.
I have no axe to grind either way in the renting vs buying debate, but lets get the fact right....
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RenovationMan wrote: »As I said on a different thread, replacing a boiler pays for itself with reduced gas costs. Someone renting is stuck with the boiler they have, no matter how inefficient it is. As long as the boiler works, they cant complain. The boiler we just replaced was working fine, albeit VERY inefficiently and was installed in 1995.
The rest isnt maintenance, its decorating and making the house look nice for yourself. For example, carpets. The ones in my house were again installed in 1995, they are OK but I am sure that I will replace them to match the decor we are going for. The kitchen and range cooker are also from 1995 and I could just leave them be if I chose. With renting, you get what your given, the reason many tenants dont have maintenance charges in because there is no maintenance taking place, apart from the bare minimum that is legally required.
I have no axe to grind either way in the renting vs buying debate, but lets get the fact right....
Someone who rents chooses the quality of the property rented. Like buying a car people dont just buy anything, they buy what they like.
Maybe some markets are different, but I've rented for the last 10 years as I contract and move around. Everywhere I've been it's the same, so much choice, why bother with the hovels.
I cant comment on central London, maybe it's like that there?0 -
Procrastinator333 wrote: »But delaying the purchase can be a quicker path to home ownership when a) prices are falling and b) your rent is cheaper than the lowest mortgage available to you. For many people, both of these things are true today. All it takes is a bit of simple maths.
2008 was a magical mix of the two, falling prices and sub 1% trackers.0 -
There's a common misconception that maintenance is purely an annoying expense.
I decorate/refurbish a room every now and then as a treat for myself.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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