Does being a home owner change you mentally?

chucknorris

Thrugelmir wrote: »

My immediate family has a consistent history of dying in their sleep as a result of a heart attack. At a ripe old age I should add.

I'm struggling to come up with a feasible escape plan for you.

Carl31

I was going to buy a house, but, after all this good weather lately, realised I would miss the summer evenings with my renter friends, sipping cans of special brew we found in a doorway and eating mouldy turnips, comparing our latest skin rashes

Owning a home means doing things like having barbecues with couscous and martinis. As I don't know how to mix a martini, the idea fills me with dread

So I have invested my house deposit in iPods and coffee from Starbucks

shortchanged_2

chucknorris wrote: »

I'm struggling to come up with a feasible escape plan for you.

Defibrillator by the bedside?

System

chucknorris wrote: »

I'd pay you £500,000 if you could tell me where I was going to die, it would be worth that much because I wouldn't go there.

You wouldn't have to, I'd come to you to complete my side of the bargain.

leveller2911

thequant wrote: »

Have been a homeowner for the past couple if weeks, mentally it has changed me. To be honest in a nutshell, it has made me more selfish. But I don't feel guilty about this, because I know it's human nature that those who currently feel hard done by regarding house prices wouldn't give two hoots about me if the boot was on the other foot.[/QUOTE]

I don't agree at with this. I think most people who own a house will have sympathy with those who either cannot afford to buy or spend decades trying to raise a deposit.

They may not admit it but why would anyone wish to deny another person from owning a home?. Notice I said "home" rather than a "house". Far too many people buy a house firstly as an investment rather than a home.

Even the likes of Hamish and Chucky wouldn't begrudge someone owning a home but life isn't fair so we all just make the best of what we have.

I think everyone has concerns about how the next generation will be able to afford to rent let alone buy so to be honest your post is wrong (putting it politely)...:D

Personally I will be happy enough renting for the rest of my life.For me quality of life is above material objects. When I walk down the street people don't look at me and think I'm scum because I rent.

What I do get annoyed about is if I were to apply for a bank loan I am seen as a higher risk as someone who rents than someone who has a 95% mortgage with numerous credit cards and £thousands of pounds of unsecured debt and I'm debt free but to the bank I'm higher risk... lol

If in the future I do buy or inherit a property I will still be exactly the same person and treat others in exactly the same way that I do now so if I did change I would be a very materialistic shallow person ..............

and I'm neither...........

chewmylegoff

chucknorris wrote: »

I'd pay you £500,000 if you could tell me where I was going to die, it would be worth that much because I wouldn't go there.

You are going to die in Croydon Ikea. £500,000 please.

C_Mababejive

House prices are not important. If yours goes up,so does any other house you might want to trade up to. Its all a big con that the Brits have fallen in love with.

FLAPJACK

C_Mababejive wrote: »

House prices are not important. If yours goes up,so does any other house you might want to trade up to. Its all a big con that the Brits have fallen in love with.

I agree, but having a property to leave someone is useful...

It used to be that buying your own "roof over your head" was for security....it wasn't until the Thatcher years that property owning became an investment.

Having said that though there has always been "investors" in property ......remember Rachmann?

Percy1983

My opinion hasn't changed since I bought, house price rises wouldn't benefit me, my potential children or my friends and relatives who are trying to buy.

I just don't see how its ever profit, ie if I round my purchase up to £100k and the house I really wanted was £150k (so £50k difference), then if prices double yay my house is now worth £200k I can afford that £150k house I wanted... oh wait thats now £300k so I now have to find find £100k to move up the ladder (this is for example I have no desire to buy another house).

The same applies if I have 2 children, if they inherit half a house each te more prices rise the more money they get, but the bigger the gap they have to fill for the other half.

Owain_Moneysaver

floridaman wrote: »

Does becoming a home owner change you?

Yes.

I now have nightmares about the roof leaking.