Help me - I'm weakening! (cant face renting anymore)

ruggedtoast

OK heres the conclusion to this tale. After I wrote this we decided that we couldnt let it go without at least trying to find somewhere else, especially as we found out that the shysters had the place up for sale at the same time as renting.

We had time to see one place on the Saturday which was chosen largely at random from the internet and, it was absolutely perfect! Twice the size of the other place, in a much better location with a much nicer garden and for only a little bit more a month as well. And I am writing this from the new place.

It was a nightmare getting all the checks done, we had to put down a new holding deposit right after seeing it and had exactly 4 working days to get everything approved and sign the tenancy, but the new agents were very accommodating and nice and let us hand in the reference check documents and bank details ourselves, which the LL was happy to accept.

The first LA are trying their hardest to avoid my demands to return the deposit but this house is so much better than the other one even if we dont get it back it wont be the end of the world. And with the latest news about the housing market itll be good to look for somewhere to buy in a year.

Thanks for all your replies.

neverdespairgirl

Glad you've found a nice place, and hope you get your deposit back!

fc123

Fantastic! Enjoy your new place and the 12 months will be up in no time at all!

geoffky

TT1 You are one scared person and it really comes out in your posts..

TT1_3

Not me geoffky - pessimist maybe but never scared.

Daz1

Nothing beats the security for me of knowing that I own the roof over my head (well, the bank anyway). For others, they may get their pleasures from saving loads of cash while renting a place. Whether its the "right" time to buy or not depends really on your priorities. Perhaps from an investment point of view, now is not the right time, but isn't everyone decrying the investment buyer who has been pushing prices up over the past years etc. If you want to buy to give yourself some more "security", perceived or otherwise, then you should seriously look at it. Yes, you may kick yourself when the value falls and say to yourself, "if only I had waited those extra x months" but who is to say you would not have lost the home you had your eye on to someone else. It is a gamble, but if you intend to stay put for a while, have done your sums carefully and are able to afford it, it may bring you the sense of satisfaction you seek. If you aim to pick up a bargain at rock-bottom price, then the strategy will be different. It really depends on your ambitions

fc123

Daz1 wrote: »

Nothing beats the security for me of knowing that I own the roof over my head (well, the bank anyway). For others, they may get their pleasures from saving loads of cash while renting a place. Whether its the "right" time to buy or not depends really on your priorities. Perhaps from an investment point of view, now is not the right time, but isn't everyone decrying the investment buyer who has been pushing prices up over the past years etc. If you want to buy to give yourself some more "security", perceived or otherwise, then you should seriously look at it. Yes, you may kick yourself when the value falls and say to yourself, "if only I had waited those extra x months" but who is to say you would not have lost the home you had your eye on to someone else. It is a gamble, but if you intend to stay put for a while, have done your sums carefully and are able to afford it, it may bring you the sense of satisfaction you seek. If you aim to pick up a bargain at rock-bottom price, then the strategy will be different. It really depends on your ambitions

People on here are in all sorts of different circumstances.
I own and I rent. Problem is the house I own is on the wrong area for now.

I hate renting. I have 21 yr olds inspect my living conditions every 3 months (and we have to hide the illegal cats and take out the illegal catflap:eek:)

just to add balance, posters on here offer opinion from lots of different perspectives.

Daz1

Excellent point. Whats good for the goose is NOT always good for the gander. Peoples circumstances vary and a single "solution" (to buy or not to buy) cannot possibly be prescribed to everyone without fail.

I too had a similar problem when I was renting, wondering when the agent would want to come round, whether he would have anything to say about my bird, worrying about my deposit being unreasonably witheld when I moved out etc. Renting has its advantages, we saved cash (for a deposit) but in order to do so had to put up with a little studio, very nice admittedly but not much room and cabin fever sets in after a while. We then found ourselves going out to break the boredom and there are only so many free walks in the park etc you can do before you have to go out and spend money, cinema, meals, drinks etc.

We could still be there now but decided, after considerable thought, that it might be right for us to buy a place. We did, and yes, no one likes to see the thing they bought yeaterday, be worth less today, that goes for everything from cars to shoes to electronics but I do not regret doing it. It was right for me. The only advice I will give to people considering is exactly that....consider very carefully. There was no way I was going to be pushed to buy if it wasn't right or we couldn't realistically meet the payments. I will never tell anyone to keep on renting or to take the plunge and buy because I am not them, they are different from me and all I will say is that their circumstances should dictate what they should do. Heed caution from others, yes, but don't let them decide for you, because it is you, not them, that will be left with the consequences

fc123

Oh dear, just read my post back...bit blunt....it's the wine and roasty dinner mellowing my brain.

I go with owning every time (for clipboard reasons) but ....my brain has just ground to a halt now...sorry.
Will return when can post coherently.!

fc123

Back in gear. Take ones life circumstance, balance it with the economic situation and then decide.....gosh that was hard to write down.....zzzzzzzzzzzzz