12 reasons to not buy a house

B_Blank

1, Dont have to get buildings insurance
2, Dont have to pay to repair things like water leaks/the roof
3, If they build a nuclear power station next door you can just move
4, if they build a land fill site next door you can just move
5, if the area turns into a ghetto with high crime you can just move
6, You can search for work across a wider geographical area
7, Your not tied down to a single location for 30 years
8, you dont have to pay interest to a bank for 30 years
9, If you neighbours are awful you can just move
10, You dont have to worry about subsidence and other such issues
11, You dont have to worry about the bank/government raising the interest rates you pay
12, You never have to go through the whole buying/selling process which is a nightmare and very expesnive

Simple, just rent and put a portion of your portfolio into property funds. Then your exposed to property so you wont "miss the boat" if there is a dramatic increase in prices, but at the same time you dont have the annoyance of owning a home.

shandypants5

B_Blank wrote: »

but at the same time you dont have the annoyance of owning a home.

Or any of the joy!

abaxas

13 ) the massive tax advantage is you run a business.

HAMISH_MCTAVISH

14 ) The random act of kindness and generosity of enriching your landlords.

B_Blank

HAMISH_MCTAVISH wrote: »

14 ) The random act of kindness and generosity of enriching your landlords.

Are those the same landlords who all went broke over the last few years.

Your a landlord then Hamish, so you must be incredibly wealthy, surely?

System

Who are you trying to convince?

The endless stream of people desperate to own their own house who are telling others that buying is bad is getting out of control.

Pimperne1

15) Don't have to worry about paying massive Inheritence Tax from your estate when you die.
16) Avoid your children arguing over large amounts of inheritence.
17) Can continue your standing order with the bank for long after the 25 year mortgage payment.
18) Don't even need to consider entering the "Rent a Room" scheme if the going gets tough.
19) If your landlord decides he wants the property you can just move.

HAMISH_MCTAVISH

20) Never have to worry about what colour your house will be painted, it's always going to be Magnolia.

21) Keep the thrill of never knowing where you'll be living in 6 months.

22) You get to let the nice lady from the lettings agency poke around your house every few months for an "inspection".

24) Maintain a permanently lower credit score, which helps avoid the temptation of running up other debt. It's just too expensive.

25) You get to keep in touch with the nice man at the moving company, after all, you see him twice a year.

Running_Horse

All those things you don't have to pay for...guess what, you pay for them in your rent.

lilac_rainbow

Pimperne1 wrote: »

15) Don't have to worry about paying massive Inheritence Tax from your estate when you die.
16) Avoid your children arguing over large amounts of inheritence....

No worries here, it'll never be worth enough

zappahey

B_Blank wrote: »

Stuff and nonsense

I don't get this.

I firmly believe that there's only one way UK house prices can go over the next couple of years, but that load of claptrap sounds like an exercise in rationalisation, trying to convince yourself that house buying is intrinsically bad.

Or are you merely trolling?