Why Is A 44 Year Old Man Still Renting?

jacko74

TheeMaskedTurnip wrote: »

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:

You really must be riddled with insecurity and chronically lacking in self esteem to be so obsessed with people you consider to be 'inferior' to yourself... please do seek some form of professional help for your issues and don't allow them to further ruin your life.

boliston

kinger101 wrote: »

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.

I think renting in retirement could make a lot of sense if you don't have a lot of capital to really enjoy your retirement to the full - you "can't take it with you" as the saying goes so no advantage in reaching the end of your life with capital tied up that you could have enjoyed.

[Deleted User]

Carl31 wrote: »

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

No, no, that's a ridiculous over reaction. There's no need for any one person to throw more than one thing at him. Society's disgust for him will come out by the sheer volume of individuals throwing one thing each.

If folk want to rent, that's up to them.

WR

kinger101

boliston wrote: »

I think renting in retirement could make a lot of sense if you don't have a lot of capital to really enjoy your retirement to the full - you "can't take it with you" as the saying goes so no advantage in reaching the end of your life with capital tied up that you could have enjoyed.

Do you know on which date you'll no longer need money? Retirement planning would be so much easier if you could answer that question.

But the option you suggest (or just downsizing) is only available if you own.

Pobby

Not owning at 44 will soon be the norm in a lot of UK towns. Seeing it already in my own family in the south east.

westernpromise

If he's anywhere between 42 and 48ish he was absolutely impeccably placed to buy right at the bottom 20-odd years ago. In UK you could not have arrived on the property market as an FTB at any better time these last 70 years; prices had collapsed but by that time so had interest rates. You got mid-80s prices but millennial interest rates.

70 years ago you'd have bought cheaper than 20 years ago, but you'd have had a mortgage queue to contend with and you'd have had to wait decades for cashable-in inflation to come along and enrich you. In 1996 you could have exited to somewhere like Spain in 12 years.

If the 44-year old had bought as I did, when he was 22, then he'd have been buying in 1994 and would be 3 years from the end of the mortgage. The property he bought in 1994 would, in the south east, be worth 3 to 4 times what he paid.

Like the right woman, these obvious buys are sometimes only apparent in hindsight.

People of that age are the ones I envy the most because they had the chance I never had of buying and never knowing negative equity. 1962 to 1970 was probably the very worst time to be born.

ViolaLass

Wild_Rover wrote: »

No, no, that's a ridiculous over reaction. There's no need for any one person to throw more than one thing at him. Society's disgust for him will come out by the sheer volume of individuals throwing one thing each.

If folk want to rent, that's up to them.

WR

Can we then also throw things at people who look like him?

Thrugelmir

Carl31 wrote: »

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

The British view is pure obsession with property prices. I put it down to the insular island mentality. Very short term.

lippy1923

Carl31 wrote: »

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

Happy Valentines day

Jonbvn

If I was single I would not own a home in the UK, mainly because I wouldn't live here!