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Debate House Prices
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A generation are being priced in order to keep the value up of their parents assets.
Comments
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JonnyBravo wrote: »
If an individual can't afford it then they should ask someone else to help pay it in some kind of mutually beneficial arrangement.
"join forces" in Percy language :rotfl:0 -
So rents should be higher than mortgage payments?
Of course they should, renting is great remember? All that freedom.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Sorry guys/girls/things, I think you are mixing my points about families helping each other and rents in general.
Back on subject please.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Of course they should, renting is great remember? All that freedom.
Oh yeah I forgot about the freedom, you get to pay more and could be kicked out at 2 months notice because a stanger feels like it, sounds well worth a premium.
Interestingly the average council/HA rent is less than a mortgage yet private rents are more than mortgages... which one is doing it right?Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
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Rents are about right, mortgages are about right - the problem is strict lending And deposits0
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moneyinmypocket wrote: »Rents are about right, mortgages are about right - the problem is strict lending And deposits
I can't see a problem with lending critera and deposits, yes its a culture shock from the previous free for all but they are more than reasonable.
When you say rents are right you talking private or council?Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
So rents should be higher than mortgage payments?
Certainly.
I have to pay off the mortgage so it's nice to have a bit left over for some of the finer things. Or perhaps to expand and buy another property. The money has to come from somewhere you know.I can't see a problem with lending critera and deposits, yes its a culture shock from the previous free for all but they are more than reasonable.
Quite right. I saved. You've saved. It's perfectly possible.0 -
JonnyBravo wrote: »Certainly.
I have to pay off the mortgage so it's nice to have a bit left over for some of the finer things. Or perhaps to expand and buy another property. The money has to come from somewhere you know.
Quite right. I saved. You've saved. It's perfectly possible.
I am not going to bite on the first one.
But hey we finally agree on something! :eek:Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Mr._Pricklepants wrote: »Are they?
We keep on reading fancy calculations on here about how renting is so much more beneficial, especially when you consider the mandatory 2-yearly boiler, roof and double glazing replacements.
I had to replace my roof 3 times this year already, renters don't know how good they have it.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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