Why is it that people are so desperate to own houses?

MRSTITTLEMOUSE

B_Blank wrote: »

Not at all, because social security is a basic human right and need.

Inheriting £100k from you parents isnt a basic human right/need.

Inheritance is a terrible thing. It rewards people on the basis of who they happen to be and not what they happen to achieve in life.

What a load of tosh.
Inheritance is not a terrible thing it is merely the passing on of funds to the next of kin,who by right of birth are entitled.
My own children are entitled to all of my assets simply because they are my children and what is in the family pot belongs to all of us.
As a family you care for each other surely.
Believe it or not just because my children are adults and have flown the nest does'nt mean they are still not my biggest concern.
Just as we built a home and took care of them when young we still want the best for them and I want to ensure that for my children anything I can do to keep them in the custom they were brought up is maintained.
I just don't understand why you should think that because children are grown up they are no longer of their parents concern.
You must come from strange parents if they do not want to make sure you have the best you can.

quantic

Inheritance is a tricky thing, I think if someone has worked their entire life they deserve to be able to give their estate to whoever they want. I however, plan to sell everything I own and go and live in a 5 star hotel for my final years. So my kids won't have to worry about this problem. They will start with nothing and get whatever they get like I did.

MRSTITTLEMOUSE

birkee wrote: »

That's hypocrasy!
How many charity collectors do you turn away?

There are sufficient charities collecting these day, to clear the bank accounts of every person on here. They don't want contributions any more, they want access to your bank account to help themselves.

We have to choose the charities we will support, and turn the rest away.

Oh look, there's another 4 charity bags through my door this morning,.... that's 10 this week so far. Ah well, they're useful bin liners. I suppose I could pop down the High Street and buy some, but not ONE of those charity shops sell them. I'll just have to wait until I jump in the car and go to the supermarket and fight my way through the charity collectors and get them there.
Hope we don't get too many door knockers this week either.

Your theoretical morality, is streets away from reallity.
I've had five siblings die with cancer so far, but you want me to supply water to Africa or be classed as immoral by you?
What about lifeboats? people volunteering for dangerous unpaid work and saving lives, but you want me to send food to war torn Ethiopia? They CAN stop killing each other voluntarily.

Just wondering where your morality ends, or where your infinite supply of charity donation money comes from.

Totally agree with you here.
This charity for abroad is beyond a joke,we have needy at home more deserving.
How much charity can you give to Africa,they're a lost cause.
I'm pleased you mentioned the Lifeboats,very deserving.
Personally for me abroad can take a running jump they've had their chance,charity has to begin at home.
We have people suffering here too.

MRSTITTLEMOUSE

birkee wrote: »

you tell me, where people have the right to make me work to support my family and people who don't work?
What about my human rights?.... I'm not their slave!!

Social security is charity work inflicted on the productive via taxes, for the benefit of those going through a difficult time, or, as seems to be more the case these days, to support the idle in a way of life.

how you equate human rights with the right to be a shiftless waster is beyond most of us. We have a right to expect them to make some contribution towards their own support. We don't expect to see unemployed drinking, smoking, gambling, or indulging in any other extravagances that takes money out of someone elses pocket.

Ask yourself... How much time a week does a working man put in, to support people he doesn't know. Involuntarily!
Slavery was abolished in the 1800's.

Well said.

quantic

Unless you are a very very high earner, you are actually being subsidised as a worker for the things you receive VS tax you give. So that point is very ignorant.

nikkipea

I have previously been a homeowner and now rent, I will never buy again. Renting is cheaper, anything goes wrong you just ring the landlord, it's not your problem. A lot of people like the security of owning their own property but I like the freedom of not. If I decide to relocate to another city or emigrate to Oz, I only have to give 1 months notice. The fact that the landlord only has to give the same to throw me out does not phase me, there are plenty of decent properties around to rent. I also like the fact that if I were to lose my job (which I did last year) I get most of my rent paid and also my council tax, I'm not sure you get help towards a mortgage??

I suppose everyone has their own opinion but I say live for now (I'm in my late 20's). Yes, I will reach retirement age one day (hopefully) and I will not own my own home but again I know people in this situation and you get your rent paid for you. I would much rather have the cash in the bank than in bricks and mortar.
My rented house is just as I want it, the landlord pretty much lets us do what we wish. I have watched friends save for years for a deposit on a house, missing out on nice holidays and cars etc... a few years down the line they split up and because people mortgage themselves upto their eyeballs either get stuck in a property, or sell and lose all of that hard earned deposit! Pointless really.

birkee

nikkipea wrote: »

I have previously been a homeowner and now rent, I will never buy again. Renting is cheaper, anything goes wrong you just ring the landlord, it's not your problem. A lot of people like the security of owning their own property but I like the freedom of not. If I decide to relocate to another city or emigrate to Oz, I only have to give 1 months notice. The fact that the landlord only has to give the same to throw me out does not phase me, there are plenty of decent properties around to rent. I also like the fact that if I were to lose my job (which I did last year) I get most of my rent paid and also my council tax, I'm not sure you get help towards a mortgage??

I suppose everyone has their own opinion but I say live for now (I'm in my late 20's). Yes, I will reach retirement age one day (hopefully) and I will not own my own home but again I know people in this situation and you get your rent paid for you. I would much rather have the cash in the bank than in bricks and mortar.
My rented house is just as I want it, the landlord pretty much lets us do what we wish. I have watched friends save for years for a deposit on a house, missing out on nice holidays and cars etc... a few years down the line they split up and because people mortgage themselves upto their eyeballs either get stuck in a property, or sell and lose all of that hard earned deposit! Pointless really.

Very revealing!
So when you lose your job, you expect the people who contibute to support you, the people you call stupid.

You've blown yours, and now you want theirs!

You're right, they are stupid for letting you get away with it. Don't work, can't afford the rent, hostel for the homeless for you.
My mortgage is paid off, how much rent are YOU paying? Or, do I mean WE?

dtsazza

B_Blank wrote: »

Not at all, because social security is a basic human right and need.

That can't be true.

That's claiming that everyone has a right to order people to supply them with goods and services for no charge. And I know that liberty from slavery is a basic human right, so your claim creates a contradiction.

(Besides, on a practical basis, what do you do when everybody claims this right at once? It's not sustainable.)

Pete111

nikkipea wrote: »

I have previously been a homeowner and now rent, I will never buy again. Renting is cheaper, anything goes wrong you just ring the landlord, it's not your problem. A lot of people like the security of owning their own property but I like the freedom of not. If I decide to relocate to another city or emigrate to Oz, I only have to give 1 months notice. The fact that the landlord only has to give the same to throw me out does not phase me, there are plenty of decent properties around to rent. I also like the fact that if I were to lose my job (which I did last year) I get most of my rent paid and also my council tax, I'm not sure you get help towards a mortgage??

I suppose everyone has their own opinion but I say live for now (I'm in my late 20's). Yes, I will reach retirement age one day (hopefully) and I will not own my own home but again I know people in this situation and you get your rent paid for you. I would much rather have the cash in the bank than in bricks and mortar.
My rented house is just as I want it, the landlord pretty much lets us do what we wish. I have watched friends save for years for a deposit on a house, missing out on nice holidays and cars etc... a few years down the line they split up and because people mortgage themselves upto their eyeballs either get stuck in a property, or sell and lose all of that hard earned deposit! Pointless really.

You must be joking. Mortgage rates are rock bottom and rents (certainly in the south) are rising exponentially.

I currently have a 200k mortgage that costs me around £600 a month. I live in a four bed detatched house. The 2 bed flat I rent out brings in nearly £1300 a month in rent and about £500 of that is profit. I'm about to sell the latter (touch wood) and should be mortgage free on the former by the next financial year - I'll be 34.

But please, tell me again how I'm worse off for being a property owner since my mid 20's? I'm all ears...

nickmason

Pete111 wrote: »

You must be joking. Mortgage rates are rock bottom and rents (certainly in the south) are rising exponentially.

I currently have a 200k mortgage that costs me around £600 a month. I live in a four bed detatched house. The 2 bed flat I rent out brings in nearly £1300 a month in rent and about £500 of that is profit. I'm about to sell the latter (touch wood) and should be mortgage free on the former by the next financial year - I'll be 34.

But please, tell me again how I'm worse off for being a property owner since my mid 20's? I'm all ears...

This is why I started the other thread.
While I'm very happy for you Pete, I'm not certain your situation is a fair comparison, as it's likely to be hugely skewed by the benefits you have enjoyed over the last 10 years of HPI.

On the other thread, a variety of example London prices were given, which seemed to vary from about £350k-£500k, with equivalent rent at about £1300-£2000pm. Some people, myself included, have much more favourable (lower yielding) rents; and no doubt you will tell us that your flat that you rent for £1300pm is worth much less than £300k and so is higher yielding.

But at that £350-£500k vs £1300-£2000pm, buying is roughly twice as expensive in the immediate term. (While after 25years, buying does work out cheaper - about £120K in today's money.)