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Anyone else feel this way? Y Generation Living!

edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
120 replies 20.9K views
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  • cwcwcwcw Forumite
    928 posts
    ELIZA wrote: »
    Is it? Why? We never really own a house, we just look after it a bit till we move on/die/whatever. My house has gone on for 400 years, no-one owns it as such, we're just caretakers.

    Unless of course you have children, in which case the property (or wealth derived from it) moves on to the next generation, and to their children, and so on and so on.
  • J_i_mJ_i_m Forumite
    1.3K posts
    Well there's more than one way to skin a cat.

    But it think relatively few are privileged enough to be able to be so flexible in employment and accommodation so relatively easily.
    :www: Progress Report :www:
    Offer accepted: £107'000
    Deposit: £23'000
    Mortgage approved for: £84'000
    Exchanged: 2/3/16
    :T ... complete on 9/3/16 ... :T
  • MobileSaverMobileSaver Forumite
    2.4K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    hating the feeling of being tied down

    It's great that this has worked for you but you will always be in the minority. For the majority of people they would much rather be "tied down" than be in a situation where they may have to be looking for a new home with as little as two month's notice - "security of tenure" is pretty much non-existent when you're renting.
    Respect to 3 of the greatest actors of all time; amazing people who are totally believable as the characters they play & almost single-handedly make the shows they starred in:

    Peter Dinklage as Tyrion Lannister in Game of Thrones
    Daniel J. Travanti as Frank Furillo in Hill Street Blues
    Claire Danes as Carrie Mathison in Homeland
  • Eliza_2Eliza_2 Forumite
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    cwcw wrote: »
    Unless of course you have children, in which case the property (or wealth derived from it) moves on to the next generation, and to their children, and so on and so on.

    My children have bought their own houses, they are their own people, don't depend on me any more than I depend on my own mother's money.
  • G_MG_M Forumite
    52K posts
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    ELIZA wrote: »

    As the ever-wise G_M said, it's horses for courses, some people want security at any cost, others crave freedom and thrive on insecurity.

    ....


    :blushing:
    ** If I include a blue link in my post, click and read it before posting a follow-up question. The answer may be in the link! **
  • I don't disagree, but owning property can possibly give you more freedom. We're a similar age to you, also both self-employed from home, both working part-time. If we weren't almost mortgage-free (due to amateur property developing over the past 10 years or so), the numbers just wouldn't stack up. We could just about afford to rent the house we now own, but we'd need to be working a lot more hours, and we'd have a very different life.
  • new_ownernew_owner Forumite
    214 posts
    Eighth Anniversary Combo Breaker
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    I bought for the security of my family.. Once the mortgage is cleared (who wants to pay rent when they retire) I will expect the same life and more freedom..

    I like to work hard now so I don't have to latter.

    I would rather overpay on security now when I have the money than latter wishing I had.

    But horses for courses
  • MickyggMickygg Forumite
    1.6K posts
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
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    I just think renting is paying someone else's mortgage.

    Renting has drawbacks, you can never settle as at anytime the landlord can ask you to go.


    Freedom though is good. If rent was less I would rent for this, however my mortgage is less than I would rent my property for so buying means in 25 years I will have some security both for roof over my head and financially.


    I started renting for a few years, then worked out I had spent over £20k and had nothing to show for it, so took the plunge and bought.


    If you don't mind about not having a house fully owned in 25 years or less, want freedom and don't want to settle then renting would be the best option.
  • ukcarperukcarper Forumite
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    ILW wrote: »
    I could not afford to rent the house I own.

    Its when you have finally paid off your mortgage that this really comes into its own the rent on my house would be more than my income.
  • PasturesNewPasturesNew Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    I'm single and rent - there's no money left over to enjoy yourself. Part of your luck/secret is being in a couple and having two minds and incomes.
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