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

J_i_m

I had a pretty much problem free experience of renting, both the landlord and letting agent were fine, I even got referred to as one of their best tennents. I did have one rent increase, which was actually negioated down.

The problem for me is that I pretty much over stretched myself to begin with, right from the very beginning I could only just afford it and more often that not I was overdrawn and making big sacrifices in the way I lived. It's not enjoyable having barley and money to feed yourself with so that when my income took a big hit and I knew that there was no longer anyway I could afford to rent there any longer when a mortgage on a comparable property would be aproximately £200 a month less than the rent, I knew that for month to month cash flow living it should be more affordable to actually own.

Add that to the fact in your own property you have far less restrictions, ownership becomes the more disarable option if you can get yourself in that position.

I'm moved back in with my parents to enable me to save money to increase my chances of being able to secure a mortgage, since it's not nessacrily a house price being the stumbling block in ownership but how much the banks are willing to lend.

I'm certainly not "desperate" to own, since I will not buy a place at any cost or in any area, I have certain conditions that I want or am not willing to subject myself to, and whilst that could be viewed as snobbish I do know what I don't want.

CLAPTON

birkee wrote: »

Are you kidding?
Have you seen what care homes charge?
Sell your house, and you'll get rid of the capital in no time, (1 or 2 years?)then you're in the same boat as everyone else, and nothing to pass on to your children.
Your house may as well not have existed. The children you worked to raise, don't even get the helping hand that you've worked and provided for.

but they are NOT worse off that those that rented
and they get to choose their care home in the first place as they are paying
and if the money runs out they stay in their chosen care home with the state paying

so at worse they are alittle better off than those that rented and a best they and their offspring are much much better off

Cleaver

B_Blank wrote: »

Great post which fits my experience. I had the same with this posh cow landlady. We had to go for an interview with her and she quizzed us on how we would treat the property. She was fcking rude to me. Treated us like little pieces of !!!!!! on her shoe. She said to me what do you need to do with the washing machine? I said use washing up powder etc. She said, in a rude and talk down to you way, no I dont want you putting coins in it and shreading the inside. What a cow. Old posh cow. Typical of all landlord scum.

This was before I realised to get some balls and not let people walk over me. If I went to an interview now I would tell this cow to !!!!!! and stop treating me like !!!!!! when she is expecting me to pay to live in her little craphole.

It particularly annoys me that you have to do credit checks. I mean who the fck do they think they are. Making me pay for these things. If they care about these checks then THEY SHOULD PAY FOR THEM. After all they arent for our benefit.

And to all those people who say "I treat my tenants well". No you dont. Treating them well would be not being a BTL scum and letting the housing market fall so they can buy, or if they cant afford this, rent from the government. You are like slave owners who say "But I treat my slaves well". It doesnt matter. You are still the scum of the earth in the view of most tenants.

To be honest, she sounds an awful landlord and you sound like you have an attitude problem.

In terms of your last paragraph when I was a landlord I treated my tenants really well. I've also been a tenant and had a fantastic landlord. Maybe it's your attitude which means you and landlords don't get on? If you think they are all "scum" without really giving them a chance I doubt many of them have a chance with you.

Also, with regard to your last line, remember that outside of this forum most people are quite ambivalent about landlords. Most people who rent do so for a reason and just get on with it. My friends who rent tend to feel about landlords in the same way they feel about restaurants, shops, transport or any other type of service they pay for: sometimes it's good, sometimes it's bad but they don't really worry about it all that much.

MacMickster

birkee wrote: »

Are you kidding?
Have you seen what care homes charge?
Sell your house, and you'll get rid of the capital in no time, (1 or 2 years?)then you're in the same boat as everyone else, and nothing to pass on to your children.
Your house may as well not have existed. The children you worked to raise, don't even get the helping hand that you've worked and provided for.

What is your obsession with inheriting money? Go out and earn your own. Where do you think that your parents got their money from? I expect to leave money to my son (but with a bit of luck he will be in his 60s or 70s before he gets it), but if he was actually relying on this to happen I would have made a big mistake in the way that I brought him up.

If people want to avoid selling their home to pay for care they can take out insurance policies to cover care costs.

Renters are far less likely to leave anything to their children than homeowners.

B_Blank

Cleaver wrote: »

To be honest, she sounds an awful landlord and you sound like you have an attitude problem.

In terms of your last paragraph when I was a landlord I treated my tenants really well. I've also been a tenant and had a fantastic landlord. Maybe it's your attitude which means you and landlords don't get on? If you think they are all "scum" without really giving them a chance I doubt many of them have a chance with you.

Also, with regard to your last line, remember that outside of this forum most people are quite ambivalent about landlords. Most people who rent do so for a reason and just get on with it. My friends who rent tend to feel about landlords in the same way they feel about restaurants, shops, transport or any other type of service they pay for: sometimes it's good, sometimes it's bad but they don't really worry about it all that much.

But its not the same. It is ruining society. This landlord craze. Do you know nothing about history. We are heading back to the 1900's, where the people with land exploit and make money out of the working man who doesnt, and cant, own property. This is a disgrace.

B_Blank

MacMickster wrote: »

What is your obsession with inheriting money? Go out and earn your own. Where do you think that your parents got their money from? I expect to leave money to my son (but with a bit of luck he will be in his 60s or 70s before he gets it), but if he was actually relying on this to happen I would have made a big mistake in the way that I brought him up.

If people want to avoid selling their home to pay for care they can take out insurance policies to cover care costs.

Renters are far less likely to leave anything to their children than homeowners.

Inheritance is wrong. You first lines are correct. People have no right to inherit money, it just solidifies inequality in society. Inheritance tax should be 90%

Cleaver

B_Blank wrote: »

But its not the same. It is ruining society. This landlord craze.

It isn't though, is it? People just buy or rent a house and then get on with life. The BTL boom hasn't exactly been the pinnacle of our society, but it's not 'ruining' it either. It's just people renting out houses to other people.

B_Blank wrote: »

Do you know nothing about history. We are heading back to the 1900's, where the people with land exploit and make money out of the working man who doesnt, and cant, own property. This is a disgrace.

2011 is f*ck all like the early 1900s for a wide variety of regions. My Gran would slap you silly for saying something like that and would then bore you to death with stories from her very difficult childhood in the early 1900s. She had to leave school at 12 to work in a factory. Get some perspective you numpty.

bodmil

What other investment can you make such a practical use of? I've got money left over each month, I might as well put it somewhere I can really appreciate and enjoy it.

ukcarper

ruggedtoast wrote: »

Plenty of people would be happy to do it, but its very difficult to get planning permission to build in places where people want to live. They've even done away with garden developments now.

If you want to build a block of dismal new build flats with cardboard walls on a triangle of wasteland inbetween the the gas works and the railway tracks all is golden. Anywhere else forget it.

I live in the privileged home counties and the vitriolic rage and military like precision with which nimbys shut down any planned new development anywhere is something to behold. If that kind of energy was put into something worthwhile we'd probably have a cure for cancer by now.

But no, let slip that a developer has proposed a new site of affordable housing on the unused land behind the farmland that can't even be seen from the vicarage 6 miles away and its like the Home Guard turning out.

Unless its for retirement flats, or assisted living or whatever they call them now. For some reason those are fine.

I’m not sure that that is true I was born in one of the most affluent places in the home counties and over the past few years they have pulled down all the house on one side of a particular road and put up flats. But the builders seem to prefer selling them to renting them out. I’m not sure where all the people willing to build and rent property and get a much lower return are.

B_Blank

Cleaver wrote: »

It isn't though, is it? People just buy or rent a house and then get on with life. The BTL boom hasn't exactly been the pinnacle of our society, but it's not 'ruining' it either. It's just people renting out houses to other people.



2011 is f*ck all like the early 1900s for a wide variety of regions. My Gran would slap you silly for saying something like that and would then bore you to death with stories from her very difficult childhood in the early 1900s. She had to leave school at 12 to work in a factory. Get some perspective you numpty.

It is taking us back to a landed class dominating a non landed class. The poor cannot afford to buy and are FORCED to rent. As a result they are at the whim of the landed class who can squeeze them for more and more money (as we can see rents are going up).