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Is there money to be made in renting?
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Norman_Castle said:Crashy_Time said:Getting_greyer said:andy444 said:Norman_Castle said:[Deleted User] said:
It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.That assumes "someone else" could finance the mortgage and it remains cheaper than rent. It also ignores ongoing maintenance costs.How does letting properties reduce the number of available homes?
And Building Society savers.1 -
Angela_D_3 said:Norman_Castle said:Crashy_Time said:Getting_greyer said:andy444 said:Norman_Castle said:[Deleted User] said:
It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.That assumes "someone else" could finance the mortgage and it remains cheaper than rent. It also ignores ongoing maintenance costs.How does letting properties reduce the number of available homes?
And Building Society savers.
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Norman_Castle said:Angela_D_3 said:Norman_Castle said:Crashy_Time said:Getting_greyer said:andy444 said:Norman_Castle said:[Deleted User] said:
It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.That assumes "someone else" could finance the mortgage and it remains cheaper than rent. It also ignores ongoing maintenance costs.How does letting properties reduce the number of available homes?
And Building Society savers.2 -
I think there might be some money to be made, but getting it wrong will mean a lot of money is lost, and there is a lot of red tape, tax and other regulation now that is enforced more than previously. Best bet is to set a decent rent level and hope for a good long term tenant, anything else will just be an uber headache IMO.0
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Sistergold said:Slithery said:[Deleted User] said:It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.
Some people are stuck in this situation and must be frustrating. Some people could do something about it or just complain.1 -
Of those people who prefer to rent, how many would rather rent privately than rent a council house?
My grandparents lived in the same council house their entire married life and it very much felt like their home. Nowhere I've rented privately has really felt like home. The one I lived in the longest was maybe starting to feel like home but then I was suddenly given 2 months notice to move out.3 -
Getting_greyer said:Sistergold said:Slithery said:[Deleted User] said:It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.
Some people are stuck in this situation and must be frustrating. Some people could do something about it or just complain.0 -
Crashy_Time said:Getting_greyer said:Sistergold said:Slithery said:[Deleted User] said:It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.
Some people are stuck in this situation and must be frustrating. Some people could do something about it or just complain.
There are certainly benefits to renting in terms of controlled costs concerning big ticket repairs. You can easily see that those envious of apparently lowish monthly mortgage payments, are not factoring in the true cost of home ownership and the different risks that it involves in many cases.
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Norman_Castle said:Angela_D_3 said:Norman_Castle said:Crashy_Time said:Getting_greyer said:andy444 said:Norman_Castle said:[Deleted User] said:
It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.That assumes "someone else" could finance the mortgage and it remains cheaper than rent. It also ignores ongoing maintenance costs.How does letting properties reduce the number of available homes?
And Building Society savers.
If they can't get on the ladder they are really stuffed.0 -
[Deleted User] said:Norman_Castle said:Angela_D_3 said:Norman_Castle said:Crashy_Time said:Getting_greyer said:andy444 said:Norman_Castle said:[Deleted User] said:
It's also immoral as someone else could buy your house and pay much less on a mortgage than they will pay you in rent. There is a shortage of housing to live in and letting property makes it worse.That assumes "someone else" could finance the mortgage and it remains cheaper than rent. It also ignores ongoing maintenance costs.How does letting properties reduce the number of available homes?
And Building Society savers.
If they can't get on the ladder they are really stuffed.
Not everyone is able to earn enough to buy a house, nor able to save enough for a deposit. Not everyone will have a medium to high paying job
Owning a house has significant financial exposure as well. Ongoing Maintenance et.c guess who pays for a new boiler or roof? or up dated fire regulations from cladding?
The younger generation I am sure will know, there is no such thing as a free lunch and you have to work at advancing your career and financial self sustainability. Sadly some will want to do degrees which have no bearing on their career, simply it was a hobby, or just mess around at school and didn't get good enough grades to get into Uni and/or vocation training.
House prices are defined by market forces, ergo capitalism.
The young who shun pensions for the now, only have themselves to blame.
You don't have to go to Uni to get a high paying job, construction, building trade earn a fair few as contractors."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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