Buying is £124 a month cheaper than renting

CC-Warrior

MrRee wrote: »

They had to sell their house and accept a Council House .... that's sad, don't you think?

They had a house and now have nothing to show for it, life can be so cruel.

It all sounds a bit materialistic.
It isn't what you have, it's what makes you happy. Do what makes YOU happy and not other people.

t0rt0ise

I choose to rent. My daughter has bought a house on the south coast. It made sense for her. She is paying less in mortgage than she did in rent. I could buy there too but I don't want to live there. So I live where I want to and rent. I don't suppose even MrRee could afford to buy a house where I live. But it's where I want to be.

I don't understand why MrRee and others can't see that people's wants and desires may differ. Why can't you just agree that not everyone is like you and that rather than being wrong they are simply different?

J_i_m

Probably because some people are so clever that they're always right even if they're actually wrong.

It's sometimes best to let them believe their delusions for a quieter time.

MrRee_2

t0rt0ise wrote: »

I don't suppose even MrRee could afford to buy a house where I live.

You must live in Kensington or Mayfair then?

The rents there I wouldn't want to pay at all!

The market dictates that where rents are cheap there is no work and/or no desire to live there, and, in those cases maybe buying would not be the best move as property values will always be on the floor?

Conversely, if rents are expensive, that shows a demand due to work or a desirability in the property market - so to buy would be the absolute preference as the returns will be vast.

System

MrRee wrote: »

I'm so sorry about that.

Why sorry ?

System

MrRee wrote: »

They had to sell their house and accept a Council House .... that's sad, don't you think?

They had a house and now have nothing to show for it, life can be so cruel.

we chose to sell because the house wasnt right for our daughters additional needs.
We were on the waiting list for 18 months and now live in a 2 bed bungalow with a large front/back garden in a better area than we were before.
You can be as condescending as you like but i know which of us is in a better place.:D

System

MrRee wrote: »

You cannot optionally sell your house and then get Social Housing - it just doesn't happen does it?

yes you can if you fit the housing criteria , we sold our house approx 6 months after we moved.
The council were fully aware of it .

MrRee_2

Well, now we have a moral problem really.

Why should someone who owns a property be given a council house? Surely that council house should go to someone who couldn't buy what they needed?

Of course, in your case, you may not have been able to buy the property you needed for your daughters needs - for whatever reason. And that's kind of my point see? You would have bought what you needed if you could have.

So, my belief remains that people would not 'choose' to rent if they coulkd buy - not in an overwhelming number of cases.

You have done very well getting a bungalow, but, still, when you are older the cost of buying the bungalow would be less than your rent. Would owning cost more than £70 a week when there is no mortgage to pay? I doubt it.

So, buying is always cheaper - and better - than renting IMO

System

MrRee wrote: »

Well, now we have a moral problem really.

Why should someone who owns a property be given a council house? Surely that council house should go to someone who couldn't buy what they needed?

Of course, in your case, you may not have been able to buy the property you needed for your daughters needs - for whatever reason. And that's kind of my point see? You would have bought what you needed if you could have.

So, my belief remains that people would not 'choose' to rent if they coulkd buy - not in an overwhelming number of cases.

You have done very well getting a bungalow, but, still, when you are older the cost of buying the bungalow would be less than your rent. Would owning cost more than £70 a week when there is no mortgage to pay? I doubt it.

So, buying is always cheaper - and better - than renting IMO

There is so much more to it than that very simplistic view but i feel my reasons would be lost on someone who is so materialistic and so very full of himself and so unable to take others views onboard.

MrRee_2

You may have missed the Forum you are on, it's called MoneySavingExpert ..... by its very nature it is materialistic - that's why we are all here!

When I post on the disabled forums, I am disabled, I take the position suitable for that forum.

But, when on a money site, I talk money ..... that's the whole idea of it - do you not see that?

You simply see one side of me, so I would thank you not to be so judgemental ...... we are here to talk about saving money - buying, instead of renting, is saving money.

I acknowledge that you have done exceedingly well getting a Council Bungalow and selling your property, maybe for a profit, when there were others who were in desperate need and couldn't buy like you had.