How Much Does Your Home Make Each Month ?

Generali

ging84 wrote: »

my home doesn't make any
it's a house, i live in it, it doesn't go out to work, and i don't rent it out or share it with a lodger

occasionally i might have a visitor who could have dropped some change down the back of the sofa, but i'd say that's the sofa making money, not the house

It provides you with what is known as 'imputed rent'. That is to say that by owning a house you don't need to rent one.

IronWolf

what a stupid thread

mystic_trev

IronWolf wrote: »

what a stupid thread

Ahhh….but who can forget the classic 'Sex on benefits' thread the OP started! :rotfl:

So it's when we had sex and not started a relationship that counts ? Will we be able to claim his benefit for the days we don't have sex ?

https://forums.moneysavingexpert.com/discussion/3570527

Or Roger the Lodger as it became known

PasturesNew

Generali wrote: »

It provides you with what is known as 'imputed rent'. That is to say that by owning a house you don't need to rent one.

In my case, I can't put a figure on it precisely (might work it out one day), buying my house is saving me maybe £200/month in extra money forked out in rent ... and is enabling me to live in a bigger place (where rent would be £200+/month more than I am currently paying for rent).

So I get a place double the size at half the price.... kind of.

I would point out to those thinking "double the size = huge" ..... that I currently live in about one room.... and I've bought a two-up-two-down-terrace.

IronWolf

mystic_trev wrote: »

Ahhh….but who can forget the classic 'Sex on benefits' thread the OP started! :rotfl:



https://forums.moneysavingexpert.com/discussion/3570527

Or Roger the Lodger as it became known

oh wow lol

ruggedtoast

mystic_trev wrote: »

Ahhh….but who can forget the classic 'Sex on benefits' thread the OP started! :rotfl:



https://forums.moneysavingexpert.com/discussion/3570527

Or Roger the Lodger as it became known

Classic. That would make anyone glad to be a renter.

shortchanged_2

"Market definitely cooling in London.


Plus as you say, the tenant is in prime position to know the level of interest in the property before bidding."

A quote of yours thequant on another thread only a month or so ago. Anything changed since?

gazter

maddermanblue1 wrote: »

What a pointless post.
The value of your home is meaningless until sold. So you are not actually 'making' any money. Also the value cannot rise indefinitely and it can fall too - into negative equity.

Of course it is real. It is a tangible asset that can be disposed of like anything else.

If he sold now, and got £50,000 more than he got for it 6 months ago, he has made £50,000.
The only real time it is neutral is if he intends to buy another property of similar value or higher in the same marketplace.

gazter

PasturesNew wrote: »

Having just bought a house this month .... I can now "play this game". So I looked and saw the rate ... and did the sums ..... looks like £1700/month.

That's more than I can earn in a job!

But, as has been said, I can't spend it. But, owning a house means I won't get a S21 in the letterbox, nor a rent increase.... and I can change small things if I wish, without fear. No inspections either

That's all the priceless stuff.

You will also have an asset in 25 years that means youll never be on the streets doing handj*bs for crack.

[Deleted User]

Ours would sell for about 65k more (it's go on the market for about ~80k more) than we bought it for 30 months ago.. so about £2,100 ish per month. We are in south herts. just inside the M25.