House ownership - Selling yourself into a lifetime of servitude

debtistheft

Lotus-eater wrote: »

The problem with renting is that you can't settle, can't plant a garden that you expect to see in a few years and can't relax about being able to stay in the same place.
That's in the UK, in europe where I have rented, it's a different story, tentants aren't looked down upon in the same way they seem to be here and they have a completely different view on how long people will stay in a property. Long term rents are often the norm, where as here, we have a year at best most of the time.

I suppose it's different things for different people, I like stability and the chance to have a garden I can change and not have to lose it next year, I want a stable home for my kids, I don't want to have to move at some others whim.

My mortgage is basically paid off and I'm 40, I worked hard to pay it off and now I am enjoying it and taking it a bit easy. Which I can do, because my outgoings are low. And I get to work on the garden.

A more balanced viewpoint than that given by the idiots. Thanks.

pinkteapot

debtistheft wrote: »

The whole point is that while the tenant has invested money for his future, the owner occupier hasn't, due to his or her complacency in thinking that once they are mortgage free, they are untouchable and can start 'living their lives' (i.e. doing all the stuff they missed out on in their youth because they were eating gruel and eeking out a living in order to pay off their mortgages a couple of years early. Idiots.

You are making the assumption that EVERY person with a mortgage doesn't bother with any other form of savings or investments at all. And that they do so because they think they don't need to. Do you have any evidence whatsoever to back this up?

As people have said repeatedly on this thread, in many areas a mortgage would cost the same as or less than the rent on an equivalent property. So it isn't like renters have substantially more disposable income than mortgagees.

Do you think that everyone with a mortgage spends all of their disposable income and doesn't save a penny, and that everyone who rents is a spendthrift who spends the minimum they can and saves/invests the rest?

FTBFun

IveSeenTheLight wrote: »

Are you related to geneer?

It fairly obvious its the same person. The insults and claims to have won arguments indicate that.

vigilaire

I bought a house with land for £75 K in the early 90's and am now mortgage free through a bit of overpaying. I'm not on mega money salary wise but owning my home and having low out goings has given me security and confidence to make choices as to 'how I live my life' from now on.

debtistheft

Home owners waste theuir money on 10 gallon drums of magnolia paint and willow sticks in order to convince themselves that their house is worth £100k more than it is. Idiots.

SandC

Why aren't you on the motoring forum telling them they are all idiots for taking out finance deals to buy cars for £20k?

That's the sort of debt you should be shouting about really isn't it? They could be investing that money in stocks and shares whilst taking the bus. Idiots.

STing

SandC wrote: »

Why aren't you on the motoring forum telling them they are all idiots for taking out finance deals to buy cars for £20k?

That's the sort of debt you should be shouting about really isn't it? They could be investing that money in stocks and shares whilst taking the bus. Idiots.

Because they sell cars for a living?

Don't want to shoot themself in the foot.

ukcarper

debtistheft wrote: »

Home owners waste theuir money on 10 gallon drums of magnolia paint and willow sticks in order to convince themselves that their house is worth £100k more than it is. Idiots.

As you’ve resorted to silly name-calling does it mean you’ve conceded the main point?

IveSeenTheLight

FTBFun wrote: »

It fairly obvious its the same person. The insults and claims to have won arguments indicate that.

I can certainly see the similarities.
Resigning himself to a lifetime of renting
Ignorance of examples and prrof that contradicts his theories and repeating a mantra that has been countered previously.

Maybe the Thread title should be: -

"Renting yourself into a lifetime of servitude"

Certainly between renters and owners, there only one group that is resigining itself to pay for accomodation every month for life

chucky

FTBFun wrote: »

It fairly obvious its the same person. The insults and claims to have won arguments indicate that.

i don't think they are geneer isn't very bright, he's arguments are at dervprof's level. debtistheft makes some good points that are actually quite intelligent..