It's Friday night and I am renting

CLAPTON

ukcarper wrote: »

If they had used the money received to build more houses it would have helped.

If we had more houses then things would be better now.

If we had changed our planning laws then there would be ample houses without any taxpayers money being needed.

grizzly1911

CLAPTON wrote: »

If we had changed our planning laws then there would be ample houses without any taxpayers money being needed.

Quite right more Beds in Sheds, or a Jaywick slotted in here and there.

The private sector alone have never built sufficient to meet demand.

As Hamish tells us 30% of people will never be in a position to buy either. That 30% is growing in size, as will it's proportion, as many more become part of a lower earning economy. No doubt the taxpayer will continue to rent from the BTLer's.

It makes so much sense to rent.

Carl31

floridaman wrote: »

Renting is bad because it's dead money[/QUO]

You could argue that about any service you pay for

Going to a restaurant is dead money, you pay well over the cost of the food if you made it youself, and pay twice as much for booze as you would in tesco

Using a mechanic is dead money, anyone can fix their csr if they learned how

Same with most professional services, you don't really need an accountant to do tax, you could learn to do it yourself

What renting offers is a lower risk, easier to manage means to a roof over your head, theoretically renting probably makes more sense, as does leasing of most assets, obtaining the benefits of use, without the costs of ownership

BobQ

floridaman wrote: »

Up and down the country young people are forced into private rents. When will this madness end. While I admit the older generation have worked hard they must admit the younger ones have it harder. This country must allow house prices to come in line with wages.

All generations have different challenges. I resented the fact that I had to buy a house in my 20s. There was an almost universal belief that prices would keep rising so if I did not get on the ladder I knew I would never be able to afford to. I really resented the fact that interest rates were so high and I had to grin and bare it. Then, to many people's surprise prices fell for a few years after interest rates and so repayments became unaffordable for many. Then there was the con of the endowment mortgage promising something for nothing.

Your generation at least know that prices can fall and that mortgages are cheap. Your challenge is to save for the deposit, but so many of you would rather spend your money on non-essentials. Your option is to buy a house in need of repair and do it up like many in my generation did. But so many of your generation do not want to do this. We all have choices.

CLAPTON

grizzly1911 wrote: »

Quite right more Beds in Sheds, or a Jaywick slotted in here and there.

The private sector alone have never built sufficient to meet demand.

As Hamish tells us 30% of people will never be in a position to buy either. That 30% is growing in size, as will it's proportion, as many more become part of a lower earning economy. No doubt the taxpayer will continue to rent from the BTLer's.

It makes so much sense to rent.

there is no shortish of people able to build

there is no shortage of people wanting to make money by building

there is no shortage of people who would like to own

there is no shortage of people willing to rent

there is in general no real shortage of land (except in some of our larger towns including London)

so there is something stopping it all happening: now I know that many people think it's Thatcher but I have reservations about that....

I'm sure you have the answer

wotsthat

floridaman wrote: »

Up and down the country young people are forced into private rents. When will this madness end. While I admit the older generation have worked hard they must admit the younger ones have it harder. This country must allow house prices to come in line with wages.

When I started out I couldn't afford to buy a house AND holiday in Florida so chose to buy a house.

floridaman wrote: »

hello everyone,

I am going to florida later this week (my first time). I will be staying on Idrive. I dont really want to get a car hire so will be using public transport/taxi etc - is Idrive quite good for transport links?

thank you

You seem to be facing the same choices.

BillJones

floridaman wrote: »

Up and down the country young people are forced into private rents. When will this madness end. While I admit the older generation have worked hard they must admit the younger ones have it harder. This country must allow house prices to come in line with wages.

Or you could take the initiative, and move your wages in line with house prices. Suggesting that other people make your life easier might be a nice wish, but it's pretty useless as an action plan.

thequant

BillJones wrote: »

Or you could take the initiative, and move your wages in line with house prices. Suggesting that other people make your life easier might be a nice wish, but it's pretty useless as an action plan.

Completely spot on, the only people who moan about house prices are lifes failures who expect others to house them.

floridaman

I understand what your saying but what about people who are min wage - should they not be able to buy to? Everyone should be able to own a home

thequant

floridaman wrote: »

I understand what your saying but what about people who are min wage - should they not be able to buy to? Everyone should be able to own a home

What about them ?