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TopQuark wrote: »
SDW, your post smacks of looking down upon those who do rent. Many people don't have a choice and don't have the bank of mum and dad to pay for a house deposit like you have done for your son. Does he have a repayment or an interest-only mortgage btw? The latter is merely renting from the bank.
My parents are the same generation as you and could not help us out in this respect. Thus, I went to university, got several hard degrees and am now reaping the rewards - OH and are I about to by a house in France (where OH is from) outright. We are 31 and 32. It is satisfying to know that this is down to our own hard work and determination, rather than because we received handouts from our parents/others.
We've always rented (in the UK, Philippines, Malaysia and now Switzerland) as our careers take us around the world. I don't see it as paying someone else's mortgage, I see it as putting a roof over my head whilst I live my life. And I certainly don't consider myself, or anyone else who rents their home as some kind of second class citizen, as seems to be the prevalent attitude in the UK today, sadly.
jamie11 wrote: »
I disagree, there is nothing to stop me applying for a HA property, I already have. I intend to dispose of my whole portfolio over the next 2/3 years anyway. Nobody asks how much money you have in the bank. I should have a fair bit when everything's sold and I intend to spend it, every penny if I can.
seven-day-weekend wrote: »
May I say that your post comes over as looking down upon those who have low paid jobs.
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