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Hermia wrote: »
I was just referring to being asked to leave when renting in my comment. I think it's more of a worry when you live on your own. I know couples who have been asked to leave with two months notice and I feel it's easier splitting up the tasks related to moving out and finding a new place between two people. I wasn't commenting on life generally.
pinkshoes wrote: »
Nope! Definitely not! But I'm guessing you're perhaps under 30 with no children?!?!
I found renting stressful and expensive, even when I didn't have a child!
A repayment mortgage may be a little more than renting (in most areas), but I would rather have a repayment mortgage, "live" slightly less, and know that when (if) I turn 60, I'll be able to retire owning my own home, without having to rely on benefits which will barely cover rent.
I watched my grandmother struggle to pay private rent on benefits, and her life wasn't great. Not a position I want to end up in.
By all means live and have fun, but also don't expect the state to pick up the tab once you want to retire; I imagine my generation will be expected to work until they drop dead if they haven't saved the means to support themselves.
Fire_Fox wrote: »
Buying is a wise investment if you sit it out for the full twenty five year term, but how many people do you know who are likely to do that?
Salz wrote: »
Yes, you might own your own house in 25 years, then go into a nursing home and it gets sold to pay your way.
cwcw wrote: »
I'm not saying they would depend on it, but it would be a legacy to pass on. The house doesn't just vanish when you die. That's the whole point in inheritance.
I would much rather retire having paid off a house and be able to enjoy retirement rent free, and safe in the knowledge that when I die I will have a decent legacy to pass on to my children. Better that than to pay someone else's family inheritance through rent for decades and having to rent in retirement too.
Movershaker wrote: »
...We've sold a lot of our furniture and 'stuff' and are becoming more and more mobile. And the less stuff we have, the happier we become.
...we didn't want to spend our lives, slaving away and paying off the mortgage,
...move towards a leaner and happier existence.
...These days, weekends aren't spent doing the garden or housework - they're spent doing social things, sports/fitness or even learning.
....Even better - because we live in a city, we can walk everywhere. There's no stressful commuting. We barely use our car (which we're thinking of selling) and cycle everywhere instead. Life is good.
...we're not stressed, don't have to work as hard and have more spare time to relax and enjoy life.
...You could say we're having lots of mini retirements along the way and enjoying our lives now rather than making sacrifices for later.
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