Why buy – ever?

Bogof_Babe

martinsurrey wrote: »

they would be employees

tax laws, pension laws, minimum wage laws,

while not illegal, very bureaucratic.

Surely not. The student would be a lodger, not an employee. It just so happens that part or all of the rent would be payment in kind, i.e. little jobs, keeping the pensioner company etc.

boliston

patanne wrote: »

The advantages of buying over renting are numerous and the only negative is that you are responsible for all upkeep. The main advantages -

If you retire after paying off your mortgage as is the norm (yes I know not always) then you have much more disposable income in that retirement. No-one (unless you are really foolish) can make you move, the same is not true if you are renting. The thought of going into my seventies and eighties with a landlord telling me I had to move because they are selling up would fill me with horror and if one of the parties had some dementia would seriously affect them. ......

Surely a lot would depend on the type of tenancy agreement and if it was assured or shorthold - if it assured then even if the property is sold you would not loose any of your tenancy rights.

patanne

I guess I am pretty ignorant about renting. How many decades can a tenancy be assured for? Is it possible to have one from say age sixty to ninety?

boliston

patanne wrote: »

I guess I am pretty ignorant about renting. How many decades can a tenancy be assured for? Is it possible to have one from say age sixty to ninety?

An assured tenancy would not have an "expiry date" like an assured shorthold tenancy so you could live there to 100+ if you wished, so long as you paid your rent and kept to the terms of the lease.

patanne

Would this only be with a LA or HA or could it be with any landlord?

westernpromise

Any landlord I guess, though few private landlords would agree to this as they constructively lose control over the property.

westernpromise

TheCountofNowhere wrote: »

Oh shut up you buffoon, I made a lot of money from property, more than you ever will I'm sure.

Sure you have, son.

boliston

patanne wrote: »

Would this only be with a LA or HA or could it be with any landlord?

Any landlord can let on an assured tenancy but it would mainly be aimed at those landlords looking for a long term investment - the added security of tenure would mean a higher rent level could be commanded. If the property is mortgaged then there would likely be mortgage restrictions but might suit an investor not requiring a mortgage.

Mistermeaner

TheCountofNowhere wrote: »

People like this demonstrate how disgusting this forum is. How dare you suggest that people who rent are less grown up?

Shameful.

PS. I won't post again.

An interesting debut.

Lucky he didn't see my 'kill the elderly' and 'dig holes' threads

westernpromise

Mistermeaner wrote: »

An interesting debut.

Lucky he didn't see my 'kill the elderly' and 'dig holes' threads

He wishes ill on people he envies and hopes to profit personally by such ill.

Says it all.