Anyone else feel this way? Y Generation Living!

TopQuark

sinbad182 wrote: »

And by the same course, just because you repeatedly claim something is happening and invent stories to back up an imaginary national agenda, it doesn't make it true.

I rented until I was 26 by the way, and most my friends still do.

Ill seek help when I start trying to convince myself and others that a conspiracy against people's residential status exists.

Just face facts and get over it. You'll feel so much better when you stop pedaling against the tide!

Tiglath

Soleil_lune wrote: »

But as I said, in this day and age, buying is not necessarily better, because of the high house prices, the high repair bills and the fact that many people under 50 - ie; from generation X (and generation Y (the millenials) are not very well off. So struggle from week to week with basic living, and don't want high repair bills on top of everything else.

Fair enough, but if I were paying £400/month extra to rent, that's money I couldn't put aside for household maintenance. I think personally I'd feel pretty insecure if I were approaching retirement age with the thought of having to pay rent out of reduced retirement income. But that's just me

When my parents bought a house in the 1950s, everyone thought they were nuts - renting was the norm then, and it was cheaper than buying. Owning a property was drummed into me from an early age, and I bought my first flat at 25. If I were younger and wanted to be able to move around, then renting would be a reasonable option, but we're in our late forties and just don't have that lifestyle. I like knowing that no-one will turf me out of my home (assuming the mortgage continues to be paid) and that one day it will be mine Another biggie for me is pets - we have 9 cats and it would be hard to find a landlord who would take us on (although we did rent when we only had 3 cats; fortunately our landlord was a cat-person).

seven-day-weekend

I will say this only once.

I do not look down on people who rent houses, whether private or social.

My own choice would always be to buy if I could.

That's it.

No agenda.

Lord_Baltimore

I'm watching you Sinbad

isisini

I rented privately for about a decade in London, and having recently bought I much prefer it. I ended up moving 9 times in eight years at one point, due to changing circumstances (housemates moving out of shared house, moving in with boyfriend, landlady moving back in and kicking us out, huge rental increases etc. etc.) If nothing else, moving all the time is so expensive and stressful. The idea of being somewhere for a long time and putting down some roots is very comforting to me. I did a lot of travelling when I was younger, and I would like to do it again (probably living abroad for a few years) if I have children, but I would want to have a base I could return to if possible. If we’re in a position do that I appreciate we’ll be very lucky.

My experience of my fellow Generation Y-ers is that many/most of us would love to buy our own place – not because of any ‘obsession with property ownership’ but because tenants rights in the UK are so awful – if there were more long leases, more availability of social housing/rent controlled properties, more awareness of the rights that are due to tenants (and more education for landlords – particularly amateur btl landlords who often have no sense of their responsibilities towards their tenants) then renting would be a much more attractive option.

sinbad182

TopQuark wrote: »

Just face facts and get over it. You'll feel so much better when you stop pedaling against the tide!

You genuinely sound like David Icke now.

Get help, please.

DragonQ

Soleil_lune wrote: »

Renting:

1) No repairs or maintenance: as it's all covered by the landlord,

Yes this is very handy. Probably the best thing about renting. You can always get insurance if you're a homeowner though, which is essentially the same thing because you're paying £x per month premium for the peace of mind of not having huge bills to worry about when things go wrong.

Soleil_lune wrote: »

2) No insurances - except home contents.

True but, again, you're essentially paying for these insurances in your rent.

Soleil_lune wrote: »

3) Not tied or trapped in one house or one area... the freedom to move around.

Depends what you mean by freedom. It costs a lot to move and I'm sure many renters can't afford to move every 12 months. £300+ in letting agent fees, stumping up money for deposits (it's rare for there not to be an overlap, plus you might not get your previous deposit back in full), paying for moving vans (maybe £50 plus an entire day if you're doing it yourself), possibly having to take time off work for viewings, etc. I know these costs are higher when buying but you listed it as an advantage of renting and I think it's prohibitive for most.

Soleil_lune wrote: »

4) Rent paid if you become sick or unemployed.

Since when? There's a thread on here right now explaining how a tenant who is unable to work isn't being given anywhere near enough by the council to pay his rent in full.

Soleil_lune wrote: »

5) Able to love with a month's notice, if neighbours from hell move in.

Only after the initial contract period, which is typically 12 months, and if your landlord is happy with a periodic tenancy. I think people tend not to do as much research in regards to the area and neighbours when renting compared to buying (speculation on my part ) so those 12 months could be a disaster.

Soleil_lune wrote: »

6) Also, many landlords do let you put pictures and photos up and generally don't mind you making the house your own, within reason, as long as you look after the house. Also, many landlords offer long-term tenancies.

I dunno, I've had 4 landlords and 3 of them had clauses in the contract saying that I'd have to pay for any holes to the walls, including those caused by nails.

Soleil_lune wrote: »

Yes, the rent is not as cheap as social housing, but it's very unlikely that any mortgage payment in this day and age, would be less per month than private let.

Where have you been for the past 5 years? Interest rates are rock-bottom so mortgage payments are very low right now. Renting would be more expensive in pretty much any property.

Soleil_lune wrote: »

I think that advantages of renting far outweigh the advantages of buying. Certainly if you're in social housing.

Sure you would, since you only listed disadvantages of homeowning and advantages of renting! :rotfl:

jamie11

Soleil_lune wrote: »

Someone who has multiple properties that they are going to make a fortune from, should not -in my opinion - be entitled to social housing. Indeed, someone who has made a lot of money from just one property, should not be entitled to social housing. (By a lot of money: I mean enough to purchase the type of bungalow they want outright.) If they have made a lot of money from several properties, (or one,) then - IMO - they should buy a bungalow and put some of the profit they intend to 'spend as quickly as they can' away for repairs and maintenance.

Sour grapes.

You would have everyone believe that property owners did not have to work for it in the first place, they became well off by re-investing what they earned when they were younger instead of spending it all on high living, in other words they were responsible, that's a quality sadly lacking in much of the later generations.

TopQuark

sinbad182 wrote: »

You genuinely sound like David Icke now.

Get help, please.

No need, really. Your concern is touching but it's misplaced. I'm not the one who needs it.

Maybe you could fall down a wormhole and manage to have the last word somewhere further along the spacetime continuum where no-one is listening?

malamala

I would rent if I was super rich, so I can move anywhere I like and pick the house(s) with features I fancy at that point. And I would not burden myself with my asset(s).

But because I am not, I think living in my own property suits me better as I see it as a savings for old age. Better still buy another one or two properties and rent them out and hopefully when I retire I would not need to worry about paying my rent and I would have rental income too.