Putting your life on hold...

milliebear00001

ViolaLass wrote: »

Had he bought and then wanted to move, he might have found himself unable to do so because of negative equity. If you rent, you can leave whenever you want to, subject to your contract. It works both ways - if you rent, you can't gain any equity but you can't lose any either.

I know very few people with children who would consider moving from their community and their children's schools once they are established. Personally, I would take a much longer commute rather than move - or I simply wouldn't take the job!

For the record, I have no interest in 'gaining equity' - I am interested in a long-term, stable home.

Orpheo

milliebear00001 wrote: »

You miss the point. This is a scenario that happens the many renters who are forced to rent because they cannot afford to buy. They don't choose to rent because of the wonderful freedom it offers, but because they don't have the money to do what they would like to do - which is buy their own home and have complete control over it.

Mortgagees who lose their homes do so because of their own inability to manage their finances - my point is that you have a choice about this - you cannot however, manage your LL's finances (or have any control over their decision about whether to continue renting their house to you) and so your home is in the control of somebody other than you.

Whether this means you 'put your life on hold' will obviously depend on the individual. Some renters cope well with their enforced instability. others would choose perhaps to wait a few more years before starting a family if that will make buying a property impossible for them long term. Whether this means 'putting you life on hold' or 'making a prudent financial decision', you'd have to ask each, individual renter!

I didn't miss the point, you did. This argument is utterly irrelevant. Renting isn't putting your life on hold. Whatever happens in your life happens and you move forward from there. It is nothing to do with renting or buying it is to do with what you do. Yes some things happen that are out of your control and all you can do is react. There is always a choice.

Turnbull2000

Raising a family in rental is foolish IMI. You just can't provide a stable home due to the risk of eviction, never mind restrictions on decorating etc.

milliebear00001

Orpheo wrote: »

I didn't miss the point, you did. This argument is utterly irrelevant. Renting isn't putting your life on hold. Whatever happens in your life happens and you move forward from there. It is nothing to do with renting or buying it is to do with what you do. Yes some things happen that are out of your control and all you can do is react. There is always a choice.

You are judging everybody who rents from your own perspective. It is extremely blinkered to assume the advantages (as you see them) are the same for all renters. They are not.

Your last two sentences are very telling I think. You speak of 'reacting to things' (rather than 'controlling them), 'what happens in your life happens' (rathert than you actually making things happen and choosing them) - this is very much the difference between a happy renter - one who does not mind relinquishing control of their home to a LL - and the unhappy one - who likes to be completely in charge of their own living arrangements.

ViolaLass

Turnbull2000 wrote: »

Raising a family in rental is foolish IMI. You just can't provide a stable home due to the risk of eviction, never mind restrictions on decorating etc.

You're hardly going to be thrown out on the streets at a moment's notice.

FATBALLZ

milliebear00001 wrote: »

this is very much the difference between a happy renter - one who does not mind relinquishing control of their home to a LL - and the unhappy one - who likes to be completely in charge of their own living arrangements.

I'm a happy renter, and I can assure you my LL doesn't 'control' my home. I open the doors myself and everything. I even have a key!

milliebear00001

FATBALLZ wrote: »

I'm a happy renter, and I can assure you my LL doesn't 'control' my home. I open the doors myself and everything. I even have a key!

You have a key until you LL decides he wants it back.

Orpheo

FATBALLZ wrote: »

I'm a happy renter, and I can assure you my LL doesn't 'control' my home. I open the doors myself and everything. I even have a key!

Exactly. This anti-renting zealotry is bewildering. It is almost like they are brainwashed.

FATBALLZ

milliebear00001 wrote: »

You have a key until you LL decides he wants it back.

And you have a job until your employer decides to sack you. Is it better being unemployed?

milliebear00001

I don't see anybody posting who is anti-renting 'per se'. I see lots of people who have good reasons for not choosing to rent, where they have a choice. It is you, who cannot see their choice to buy as valid.

I have stated that there are happy renters and unhappy ones. There are clearly happy buyers and ones who would love to/need to get shot of their house.

It is an individual choice, and seeking to say there are universal advantages and disadvantages to buying and renting is a bit like saying there are universal advantages and disadvantages to apples and oranges. Renting suits some people, buying suits others. Our reasons for doing each are manifold and personal.