Moving Home - Zoopla Hurts!

rozeepozee

HJS86 wrote: »

Excuse me but just because I don't agree with someone opinions does not mean I am closed minded!

I do not believe it's preferable as renting is so expensive. We pay £234 a month in mortgage and £50 in the scheme. Rent for the same place is £450 and I wouldn't own the place. Neg equity or not.

I've tried to read this thread as objectively as possible, bearing in mind the tragedy of the human story and how hard it must be for you. However, when taking into consideration how much "less" it is to pay for a mortgage, rather than rent, surely you must also include the cost of the negative equity. If you apportion that sum over the period you have "owned" the house, how much would your monthly mortgage have been?

Plus, what you "own" at the moment is a negative sum.

HJS86

It's not possible to work out how much the flat would have cost vs rent as no one knows for sure how much It is going to sell for. This is a board of guessers afterall! Only once it is sold can the true value be worked out.

Thank you to the new posters but yes I am aware that some are trying to help however this debate got heated when I was insulted over my own dam opinion. Which I still stand by! I can learn all I want thank you but as you said it's a debate and the point of one is not to keep on at someone until they succumb to your opinion. Whether I have lost more via buying doesn't sway my opinion that I will not pay someone else's mortgage and live in a home I don't own an have to call someone everytime I wish to paint a wall or hang a photo.

I'm not stupid and so understand that the cost overall may have been more in terms of monthly breakdown but it doesn't make sense to work it out that way. If I were renting I would not have the money to put aside each month as the rent would be so high. Your comments about insurance aren't relevant. We don't pay buildings as it's a new build and were protected for ten years. our contents come to a whooping £6 per month. The only thing we do pay is estate charges and our renting neighbours pay these too, not the landlord.

Once sold I might do the figures but it won't change my opinion. I love owning a home whether I paid more for it than is worth now or not. It's mine. I can paint the Walls any dam colour I want, put up a thousand pictures if I want, we have a beautiful tiled barroom floor and stunning hallway tiles that we put in. We had new blinds yesterday which required new holes in the alcove and the old ones filling in, the paint touching up and I didn't have to make a phone call. No one comes round every 3 months to check up on how I live. And as I've said before, to me the experience of owning somewhere has been invaluable. We've had that situation where a radiator has broke mid winter and instead of calling mr LL we have budgeted, moved stuff around, researched cheapest prices and got someone in to replace it. May not mean much to some but to me it means a lot. We know how to stand on our own feet in this flat. We've also been able to develop our own decorating style through trial an error which will be useful in our next home as the mistakes were made and rectified here (bright red Walls at one point).

GDB2222

HJS86 wrote: »

I love owning a home whether I paid more for it than is worth now or not. It's mine. I can paint the Walls any dam colour I want, put up a thousand pictures if I want, we have a beautiful tiled barroom floor and stunning hallway tiles that we put in. We had new blinds yesterday which required new holes in the alcove and the old ones filling in, the paint touching up and I didn't have to make a phone call. No one comes round every 3 months to check up on how I live. And as I've said before, to me the experience of owning somewhere has been invaluable. We've had that situation where a radiator has broke mid winter and instead of calling mr LL we have budgeted, moved stuff around, researched cheapest prices and got someone in to replace it. May not mean much to some but to me it means a lot. We know how to stand on our own feet in this flat. We've also been able to develop our own decorating style through trial an error which will be useful in our next home as the mistakes were made and rectified here (bright red Walls at one point).

All perfectly valid points, and I doubt anyone would disagree with you. It sounds like you have had fun decorating, and so on.

franklee

HJS86 wrote: »

Whether I have lost more via buying doesn't sway my opinion that I will not pay someone else's mortgage and live in a home I don't own an have to call someone everytime I wish to paint a wall or hang a photo.

That's what I mean by ignore the sound bytes. Don't get hung up you would be paying someone else's mortgage as what does it matter if it's best for you and besides a tenant is probably mostly paying a landlord's mortgage interest, which like your mortgage interest goes to the bank's return and not to pay off the loan. See here:

http://www.moneysavingexpert.com/mortgages/mortgage-calculator

HJS86 wrote: »

Once sold I might do the figures but it won't change my opinion. I love owning a home whether I paid more for it than is worth now or not. It's mine. I can paint the Walls any dam colour I want, put up a thousand pictures if I want, we have a beautiful tiled barroom floor and stunning hallway tiles that we put in. We had new blinds yesterday which required new holes in the alcove and the old ones filling in, the paint touching up and I didn't have to make a phone call.

It's your life and your money so if decorating etc. are your priorities then fine, but I had thought from earlier your priority was having children. The point is that although you might think you've plenty of time for that, and you can have children quite late although that doesn't always work out, it's amazing how fast the years slip by if you don't keep your eye on the ball. Sure renting isn't perfect, but when money is tight and you are in debt it's a matter of prioritising and making tough choices. It may be selling up and renting is the right thing, or renting from the start and then buying (but that option isn't available now). You can cost each option up for several selling prices so you can see clear goals and timescales and know how low you can sell for at any time. If nothing else that should spur on your saving, which in the end is probably the only way out. If you don't cost it in detail then you don't know your options. Are you reading the debt free wannabe and mortgage free wannabe forums?