The rental trap

taughmon

Hi All

This is my third time trying to start my first thread on this board, i think because i covered so much that when i clicked to submit it had timed out and i lost everything, very annoying.
This time i am only going to just cover some main points and hopefully add more as the thread begins to progress, thats if it does:)

I am now living in my seventh rented property since 2005, it initially started as a choice on my part, it has now become a trap.
Back in 2005 i was in my early days of my carreer and doing very well, i still am and have gone from strength to strength.
Renting was pefect for me as a young man(now in my 30's), i was finding my way and deciding what i wanted to do with my life later on.
I started saving for a 10% deposit rather than take the dishonest route of self cert, at the time a 10% deposit would have been ample to get a mortgage.

Then along came the banking crisis in 2007, no need to go into details as we all know what happened, suddenly the 10% deposit that i had saved had now become useless.
Even though house prices had began to fall it was of no use to me as around this time i had become sick of renting and was ready to get my own place. I had become sick of renting for many reasons, more of which i will cover as the thread moves on(i hope), but mainly because it was insecure and you always had the feeling of a temporary home, with 2 months notice you could be on your way yet again, this happened four times with me.

Today i have a 13/15% deposit, i cannot get a mortgage, but of course i am trusted in society to pay for the rent of a similar property. I am watch speculators types buying property but rarely if ever see someone such as myself being able to buy property as a FTB. It now seems as if there is cycle where only the leveraged monies of invesment types that seem to get a look in.

I hope in the not to distant future to get married and have a few kids in MY OWN HOME, this dream seems to be vanishing fast, to say that i am today disillusioned and fed up would be an understatement.
The whole system today seems to be against hard working types that just do not have the time with there jobs to pay the speculative property game, WE JUST WANT HOMES FOR OURSELVES AND FAMILIES.

I read an article the other day about rich homeowners in a village putting a block on new houses being built there, their reason was that it would bring down the value of their homes, disgusting behaviour and systematic of what seems to be happening in the whole of the UK.

I am starting to feel the anger in this country, there are those that have purchased in the last seven years and are struggling in their own way, there are those that have not and are struggling in their own way, for now i am not going to start pointing fingers. I really do not know how this is all going to be rectified, building homes seems the obvious idea, but putting roofs over the heads of the British people is second to holding speculative profits by those who already own, people such as MP's, mmmm.

I hate renting, i am getting sick of being patient, being honest, and working hard for nothing. I am a peacefull type of chap by nature, but enough is enough, i am about to lose control if for example i hear one more person say for example "it's my pension innit". I also understand why the far right groups are now getting a look in, and sadly this will only get worse in the next few years in the UK

I really am ready to start taking some desperate and quite nasty measures, this country and this government want to sit up and take note

wymondham

Why are you so against renting?

boliston

In Europe generally renting is far more popular than it is in the UK.

In some ways renting does have advantages because if you need to move for job or family reasons (or simply fancy a change of scenery) then the process is generally faster and cheaper than the business of selling and buying a home.

Also a lot a maintenance becomes the landlord's responsibility so there are cost savings to be made there as well.

Procrastinator333

What reason is given for rejecting a mortge if you have 15% deposit? First Direct have some ok 15% deals.

taughmon

THE_SLUMDOG_GHUOLS wrote: »

Unfortunately for you the dream of home ownership is not for everyone. Just accept your position and class in life and move on. No point in raging against others for your poor life choices. Good luck.

Are you for real?

I am sorry i have just come on here to articulate a few concerns of mine, and probably many thousands of others as well.
You do not know me from Adam, so if you actually want a swinging d*** competion on what you have achieved in life(and you might well of achieved a lot) i suspect not though going on your response.

Is this board going to be just like all the others, there are two groups of opposing groups that just will not look into the difficulties on both sides.

As a person i am quite ok with myself, i educated myself well, can run a 2.44 marathon(so health is good), and i have a partner who i would die for. How dare you try and belittle anyone who through no fault of their own cannot own property at the present.

And i just get the sneaking feeling you are probably the type that could well have purchased their ex council house(aftet not paying for it anyway), or maybe had an inheritance due to be an only child.

PasturesNew

Renting, if you're well off, might be a great thing to do.... being able to choose a nice 3-bed or 4-bed house, one garage or two... large garden, good neighbourhood. For me, looking at shabby 1-bed flats, where the noisy neighbours are workshy and dealing in weed, with no off road parking, cr4ppy storage heaters and no outside space.... it's expensive and it sucks.

PasturesNew

THE_SLUMDOG_GHUOLS wrote: »

Unfortunately for you the dream of home ownership is not for everyone. Just accept your position and class in life and move on. No point in raging against others for your poor life choices. Good luck.

May the fleas of 1,000 beggars infest your groin area.

taughmon

wymondham wrote: »

Why are you so against renting?

It was fine when i was young, but for anyway wanting to settle on the whole it is not the way to go in this country in my view, and my experience i might add.

Maybe if we go the way of Germany(and we have a long way to go) and get some decent regulation and 5 year plus leases fot a start, that cannot be broken then i cannot see a problem

Renting in this country just has far too much of a spivy element to it(not all).

Jimmy_31

Ignore slumdog, he/she/it/that is a weirdo

taughmon

PasturesNew wrote: »

Renting, if you're well off, might be a great thing to do.... being able to choose a nice 3-bed or 4-bed house, one garage or two... large garden, good neighbourhood. For me, looking at shabby 1-bed flats, where the noisy neighbours are workshy and dealing in weed, with no off road parking, cr4ppy storage heaters and no outside space.... it's expensive and it sucks.

Through my work(and i would rather not go into detail) i have recently come into contact with a very sad case, and a story i wish the national press would pick up on(so if anyone could help me)...

This lady is now in her early 40's, she does not smoke or drink and as far as i am aware had never taken drugs, she also looks in great shape for a 40 plus year old. Believe me, this is all relevent once i tell you the rest of the story and the life she has had.

She had a fruit cake as a mother who is currently in an institution and has been for decades, father long gone.
From the age of four she was put into several homes and foster care homes. In one home she was sexually abused, at first nobody listened to her but the police later went on to prosecute, the man that had assaulted her went on to die before it went to court. This lady then had counciling for a few years, but on the the whole that was it for her.

She went onto find work and meet someone after having a few boyfriends, which is all quite normal and we have all been there. Just recently they broke up through him being one huge !!!!***, she came away with nothing.
Her biggest problem in life is that she has never had anyone who she could lean on if times got tough, when she initially broke up over Xmas she ended up in a crappy freezing cold caravan all on her own with her dogs, she then moved close to here mother for all the use she was.

She managed to get an ok job even though she does not have to many qualifications, and now has to rent, and this is the bit that is so wrong.
The place she is renting is just outside the main town, it is a wood stucture that is just a glorfied shed with hardly any room, she has to pay £500 for a crap hole like this.

This is the shortened version, there is obviously more to the story. But this very proud lady who refuses to be a victim whos favourite saying is "life is just is not a fairytale" has to live like this.

I am angry enough at my own situation, but my problems are nothing like hers, she deserves more than this, a lot of people deserve better than this.

Oh, and i read the other day about yet another immigrant with his several kids who does not work(and probably never will) and has paid zero taxes being moved into a £1,500 a week home

Anyone that knows anyone that might be interested in a story like this, please help me out, for all the story you hear about lazy non working breeding ponces there is a tragic unfair story like this who i would be more than happy to help her out with welfare, anyone disagree. And more than anything get her out of that exploiting landlords scummy little shed that is not fit for purpose.

HAMISH_MCTAVISH

I'm not sure what the point of this thread is.

1. Houses are expensive.

Yes, can't disagree with that.

2. Renting sucks.

Yes, can't disagree with that either.

3. The changes in the banking system have made it much harder for youngsters to buy.

You'll certainly not hear me arguing with that.

4. It's somebody else's fault?

Debatable..... You could have bought a house in 2005.....