House ownership - Selling yourself into a lifetime of servitude

susan1105

My mortage is £344 a month for a three bed semi. With our first house in 1998 we started out with a depoist of 1500.

There is no way that I could afford to rent a silmar property in this area the rent is around 650 a month.

I would much prefer to have no mortage or rent to pay when I am no longer working than having to struggle to pay rent

antrobus

debtistheft wrote: »

Is the tenant the free-est person, unshackled by the false dreams pushed by the banks and their puppets, the politicians?

I'd say it was more the case of false dreams pushed by politicians and their puppets, the banks.

Banks sell money; it's politicians who sell dreams.

Sumsio

Everyone makes their own choice in life

PasturesNew

The way to avoid a lifetime of servitude is to rent a council house, have a couple of kids so you get a 3-bed one for life.... then just do the bare minimum of work (if any) until it's time to pick up your pension.

Those of you who are comparing buying with renting (and having to work a good job to do either) are missing the point entirely.



It's no good for singles to do it because, even if they could get a council house, they'd just have a 1-bed flat. No, you need a couple of kids to get a 3-bed house with a garden... no point doing it for less. Once the kids've left home you get to keep the 3-bed house... not because a 3-bed house is brilliant - but it sure beats a 1-bed pokey flat without any outside space.

ess0two

PasturesNew wrote: »

The way to avoid a lifetime of servitude is to rent a council house, have a couple of kids so you get a 3-bed one for life.... then just do the bare minimum of work (if any) until it's time to pick up your pension.

Those of you who are comparing buying with renting (and having to work a good job to do either) are missing the point entirely.



It's no good for singles to do it because, even if they could get a council house, they'd just have a 1-bed flat. No, you need a couple of kids to get a 3-bed house with a garden... no point doing it for less. Once the kids've left home you get to keep the 3-bed house... not because a 3-bed house is brilliant - but it sure beats a 1-bed pokey flat without any outside space.

Get yourself knocked up then you'll be ok for that free house.

lisyloo

The way to avoid a lifetime of servitude is

find a job you enjoy and then never do another days work in your life.

I would HATE to be doing nothing.
I have gained a lot of useful "life" skills from working.
Not just technical skills, but working in teams, coaching people, simply punctuality, how to treat people etc. etc.

StevieJ

Cleaver wrote: »

My personal choice is to buy a house so that I don't have to pay for it in later life. But this doesn't mean that someone who rents all of their life doesn't plan their retirement accordingly.

True, they may have no pension provision so they think that the govt will pay the rent when they retire.

Cleaver

PasturesNew wrote: »

The way to avoid a lifetime of servitude is to rent a council house, have a couple of kids so you get a 3-bed one for life.... then just do the bare minimum of work (if any) until it's time to pick up your pension.

That sound like a pretty awful life though, doesn't it?

Jimmy_31

debtistheft wrote: »

Whatever you believe about the after life, we are all in agreement that we dont have long on the earth. Why spend that short time ploughing your wealth into a brick cube that provides shelter.

Because its not nice to sleep in the rain ?

PasturesNew

Cleaver wrote: »

That sound like a pretty awful life though, doesn't it?

Is it any different to renting for a lifetime in 1-bed pokey flats? Not everybody is geographically placed, educationally placed, age placed, to be able to earn a great deal. Their life'd be no different (probably worse).