We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remind me why it's better to buy than rent?
Comments
-
We bought our house in 1976 and had finished paying for it in 1996 in our 40s. We were able to take early retirement in our mid-50s, buy a small, cheap (£50k) house in Spain, rent our UK house to our son and live in Spain for eight years.
We're now back in the UK in our 60s, have helped son onto the housing market from the proceeds of the sale of the Spanish house, are refurbing our house again (after nearly 40 years it is due an update, lol!) and still have no mortgage.
Renting v buying? No contest here. We couldn't have done any of what we had done had we have rented.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
UsernameAlreadyExists wrote: »Someone posted on another thread once a very important point about buying that I'd never really considered before. When you're retired and mortgage free - you have somewhere to live.
Some of the best advice I've heard. This just doesn't seem to factor into people's decision making process, or they all think that they'll eventually get around to buying a place, but then time runs out. I've encountered so many people who just don't seem to think about this or see it as an issue.
I have never rented and hopefully never will. I want to have the peace of mind that comes with property ownership. Yes, I know that I will incur costs due to necessary maintenance, but I also know that I will always have a roof over my head.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards