Why Is A 44 Year Old Man Still Renting?

JethroUK

Maybe desperate to avoid a 44 year old woman around his neck
There's nothing wrong with renting

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:

PalacePurple

The good thing about renting is you dont have to fork out for boiler break downs and you can move more easy such as a job relocation. no long-term commitment best option if you don’t intend on staying in one place for a long time. - living in an area in which you could not afford to buy.
- Moving out is easier

- The only insurance is contents of the home,

all maintenance work is on the landlord

- After paying rent, may have additional money which they can use to invest elsewhere.

kinger101

!!!!!! wrote: »

Germany and Spain as 2 examples have a very high number of people who never buy during their whole life

Home ownership is actually much higher in Spain than the UK

https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

There's nothing particularly exceptional about the UK's home ownership rate. It's broadly comparable with many other developed countries.

chucknorris

PalacePurple wrote: »

The good thing about renting is you dont have to fork out for boiler break downs and you can move more easy such as a job relocation. no long-term commitment best option if you don’t intend on staying in one place for a long time. - living in an area in which you could not afford to buy.
- Moving out is easier

- The only insurance is contents of the home,

all maintenance work is on the landlord

- After paying rent, may have additional money which they can use to invest elsewhere.

Maintenance costs are covered by the rent.

paddyrg

Hmm so I'm 43 and am a massive loser because I rent. OK, let's explore that further...

At 20-something, and at many stages in between, the first rung has been just outside a comfortable repayment. But that's just one reason.

I have worked freelance for most of that time - and that has meant moving around a lot. If I had elected to spend 20 years in one place I would have earned less. As it is I have moved every time I have wanted/needed to. Dislike my neighbours? Bye! Gone.

That freelance work did mean higher rates for some time and no work at others, so banks don't like lending to freelancers. Fair enough.

That freelance lifestyle has also meant working overseas for some periods, but better still in some of the contract gaps, I've been able to take the Mrs for 3-month trips all over the world. Shorter trips we'd keep the flat on, longer ones let it go and start afresh somewhere new. I've done a lot of things I'd never have done because I have had a freedom to do them without considering ties. Those experiences have lead to other gigs, types of work, all sorts.

So, financially in spending power terms, I have had more free cash to play with. And I have played. I've learnt to fly, for instance, during a 7 month holiday in New Zealand. I've had the freedom to try different careers, and jumped from a successful IT career to a successful entertainment one. I make movies and work large events now, and wouldn't have made that jump without the freedom to mix things up a little.

I still don't own a home. Sometimes I think it'd be nice, but I have had a far richer experience for not. Maybe I'll get a place sometime, it may be in KL or Portugal or wherever I go. Maybe it'll be in the UK. Maybe I'll rent forever. Judging me as somehow foolish for that just shows different priorities - you make your choices, I'll make mine.

PalacePurple

true,
in Italy mostly people rent, that's what my Aunt who lives their say's

kinger101

PalacePurple wrote: »

true,
in Italy mostly people rent, that's what my Aunt who lives their say's

Really?

https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

chucknorris

kinger101 wrote: »

Really?

https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

I was surprised to see the UK so far down on that list.

ViolaLass

PalacePurple wrote: »

true,
in Italy mostly people rent, that's what my Aunt who lives their say's

Renting in Italy is a pain (not counting holiday lets) (and I speak as one who has lived there).

PalacePurple

kinger101 wrote: »

Really?

Must of been the part of italy she was living