Renting 'now cheaper than buying'

Ama

Thank you Jyonda and Chriseast. What you are saying makes perfect sense and three heads are better one. Many thanks

coal9011

Everyone needs somewhere to live, as owner occupiers or as tenants.
But it's not just about which is "cheaper" but which is the "smarter" thing to do.

To some people "renting" seems to be the smart option. Owners have a valuable asset worth in many cases hundreds of thousands of £'s. But, if the owner wants to realise his asset then he's left with the "cash" but nowhere to live (time to rent something).

Usually the result is the owner hangs on to his property for a very long time - if not until he "kicks the bucket". :A

Then who benefits?.... usually the "kids" or perhaps "distant relatives" none of who have had to worry about the mortgage, rising interest rates or maintenance or up-keep of that particular property. :rolleyes:

If your on your own or married without children or you hate your kids and relatives then ... rent, rent, rent!!!!!!!!!!!!

carolt

Have to disagree, coal9011. It's precisely because i love my children that I want them to have the experience of growing up in a nice safe street, in a big-enough house, in a lovely village, and in the catchment area for an excellent school. Oh, and I want them to have the occasional holiday, a mother who doesn't have to work full-time and is always stressed about money, and in a nutshell, a pleasant, normal childhood. That's why I rent.

You obviously think inheriting lots of money from your parents one day is the most important thing. I believe enjoying life with your family, NOW, not at some distant date - not trying to squeeze my 3 kids into a tiny flat, in an insalubrious area, which is all we could comfortably afford to buy at the moment - should be my highest priority.

I hate to say it, but I am beginning to come to the conclusion that some of those who put down renting and renters and advocate home ownership as the only decent thing to do are just old-fashioned SNOBS. Pure and simple.

(Except for those who've just bought/are up to their necks in debt and are desperately trying to talk up the market, of course......).

maxmycardagain

yeah, you can rent, and be landlord fodder, rent goes up at will, deposits blagged, dodgy repairs and gas boilers.....been there, done that

EagerLearner

I have had one too, but even though mine was an awful landlord, now I have a lovely one and am so glad I didn't tarr all with the same brush. Besides, we are renting for just under £700 a month and no way could we have afforded to buy a property like this. The banks offered us more money than any sane person so that we could hang ourselves, but we don't want to be part of a reposession soundbyte, so we're saving even more into the deposit ISA fund and holding tight. Even if it's the wrong decision, for now we are on a nice street, have a lovely sunny patio garden, fully designed kitchen and a very expensive oven we could have only dreamed of before and no maintenance worries... whilst the properties we could (sanely) afford were not even worthy of being called the stuff grows and dangles off the first rung of the property ladder...

ds1980

carolt wrote: »

Have to disagree, coal9011. It's precisely because i love my children that I want them to have the experience of growing up in a nice safe street, in a big-enough house, in a lovely village, and in the catchment area for an excellent school. Oh, and I want them to have the occasional holiday, a mother who doesn't have to work full-time and is always stressed about money, and in a nutshell, a pleasant, normal childhood. That's why I rent.

You obviously think inheriting lots of money from your parents one day is the most important thing. I believe enjoying life with your family, NOW, not at some distant date - not trying to squeeze my 3 kids into a tiny flat, in an insalubrious area, which is all we could comfortably afford to buy at the moment - should be my highest priority.

I hate to say it, but I am beginning to come to the conclusion that some of those who put down renting and renters and advocate home ownership as the only decent thing to do are just old-fashioned SNOBS. Pure and simple.

(Except for those who've just bought/are up to their necks in debt and are desperately trying to talk up the market, of course......).

Why don't you move abroad then? Aren't villages and a person that want their kids to grow up in a safe street etc counted as snobs?

Wanting their children to grow up in a large house isn't that being snobbish???

The OP suggested that renting is cheaper than buying which in simple mathematical sense is true in most areas thats it why start an argument?

EagerLearner

I don't think that someone who wants their kids to grow up on a safe street is a snob?

This isn't an argument it's a discussion?

I too can end all my sentences in a question?

carolt

Aren't villages and a person that want their kids to grow up in a safe street etc counted as snobs?

Wanting their children to grow up in a large house isn't that being snobbish???

(ds1980)

Come again? What's snobbish about not wanting to all live five to a room? Can you just define your definition of snobbish? I thought it meant despising other people because you viewed them as socially inferior....

How is wanting to not sleep 5 people in a one bed flat and enjoying fresh air/green fields, a manifestation of this?

Just curious.......