Why Is A 44 Year Old Man Still Renting?

TheeMaskedTurnip

Never owned but he's old enough to have lived through previous housing market troughs. What is wrong with some men of today? How much money has he thrown down the toilet he's renting? What would be his BCR?

Source:-
http://www.housepricecrash.co.uk/forum/index.php?/topic/208484-whos-the-oldest-renter-here-im-44-this-month/page-1

Enjoy. :beer:

Carl31

well, he is obviously one or all of the following...

Mentally challenged in some way
A massive failure in life
A filthy peasant who the home owning population would not want to be compared to


Either way, its obvious that anyone who has bought a home should look down at him, and also throw things at him if they see him

kabayiri

This 44 year old gentleman is doing exactly what the government is asking for. Cameron himself stated that he wished more of our young people go and work abroad to broaden their experience.

This is a great idea. People who are adventurous enough to work elsewhere build up a great international network of contacts. This is how we grew a fantastic reputation as a global trader.

System

I was 48 before I bought my first house.

Owning a house is not a Holy Grail. If you are happy with renting and willing to put up with the pitfalls and advantages then so what?

It seems to be a British obsession that you are nothing unless you own a bricks and mortar liability. Germany and Spain as 2 examples have a very high number of people who never buy during their whole life but there again their rental markets are weighted more in favour of the tenant

worried_jim

Glad I am not him, each to their own but I suspect massive loser.

kinger101

If you'd had bothered to read the second sentence of his post, I would have thought that might have explained quite a lot. I don't own a home in Kenya or Mexico.

Carl31

!!!!!! wrote: »

I was 48 before I bought my first house.

Owning a house is not a Holy Grail. If you are happy with renting and willing to put up with the pitfalls and advantages then so what?

It seems to be a British obsession that you are nothing unless you own a bricks and mortar liability. Germany and Spain as 2 examples have a very high number of people who never buy during their whole life but there again their rental markets are weighted more in favour of the tenant

if you think about it, taking out the capital element and concentrating solely on what a house is supposed to be for, ie living in, renting is the ultimate choice. You can live where you like, with ease, pay a monthly sum and thats it. Anything goes wrong, its not your problem, if you hate your neighbours or circumstances change, you move

But, the UK rental market isn't supported in a way that allows this to be a lifetime choice. Too many amateur landlords and poor contracts at present

Then theres the argument "when you retire, you dont have any living costs" but for many FTBs and current purchasers, theres a very good chance they will be paying a mortgage into their twilight years, and maybe beyond anyway, so that argument for many is becoming invalid. lus in order to have an asset of any value at the end of its term, you need to keep paying its upkeep, something people forget to factor into their house 'profit' calculation

I think the british view is a bit too black and white at times, and is based on a view held by older generations is applied to then, but maybe not so much now

Carl31

nothing like a good old fashioned buying vs renting debate to start sunday off in fine style

Dan83

Maybe he just doesn't want to own a home

kinger101

I'd say if you have the means and stability to own a home, you'd be pretty stupid not to. I wouldn't want to be retired and not own my own home. The vast majority of mortgages are paid off before state retirement age, so the twilight years argument is false. Upkeep is usually less than rent. Otherwise, every landlord would be bust.

RichardD1970

My in-laws have always rented, they are in their late 60's early 70's now and have never had the urge to buy, despite both having decent paying jobs.

Certainly not "losers".