Buying or Renting. Which is the better option. Interesting debate.
- Thread starter Hedge
- Start date
That's what's going to shaft me.
Anyone with any sense would have paid a mortgage off by their mid to late fifties and wouldn't need to worry about housing costs after that.
Me? I'll be paying a ****-load of rent when I'm collecting my pension in 40 years time.
Anyone with any sense would have paid a mortgage off by their mid to late fifties and wouldn't need to worry about housing costs after that.
Me? I'll be paying a ****-load of rent when I'm collecting my pension in 40 years time.
It's true that there has been a massive boom in NI over the last couple of years, however I think this is due mainly to prices starting off a lot lower than most places in the UK (largely due to wages and the troubles, i'd imagine).
I reckon that now the prices have come in line with the Southern half of England (sans Londinium, natch), the rises will start to tail off.
I reckon that now the prices have come in line with the Southern half of England (sans Londinium, natch), the rises will start to tail off.
The rises have already tailed off in most areas, with some areas even experiencing small drops. This doesn't really help at present though as the average income in NI has yet to come into line with the massive increase in the cost of living. Incomes may rise to acceptable levels in 5-10 years but unless there is a freeze on property prices or a significant rise in the average income of first time buyers, the good folk of NI are going to get it tight for the next few years at least.
Jesus 1k a month, air traffic control must pay ok
, much better than my local government pay 
Jesus 1k a month, air traffic control must pay ok
it pays very well iirc, £70k seems to be in my mind as a figure. but think of the stress, unlike local government ;]
Jesus 1k a month, air traffic control must pay ok
Yeah but when the cost of living is as high as it is over here, I'm just as skint at the end of the month as most people
Quite probably.
But then in 2005 the average weekly wage in England was £525, whilst in NI it was £402.
£400 a month is quite a bit if mortgage payments are in line.
God i am under stress all the time
Yeah but when the cost of living is as high as it is over here, I'm just as skint at the end of the month as most people
You burning the money?
God i get paid well, but would have 1k to waste on rent alone at the end of the month.
About halfway inbetween .
Now, less talk about my salary and more about property
Soz, but for your age its rather good. But yes, i was move to out i would rent for a while tbh. With the trouble i see coming in the years to come i would rather be living in a place i could just move out of without any trouble and not have to worry about paying a mortgage
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3) Owning your own home gives you more rights than you have as a tenant in terms of wanting to do things to the house, and not having a landlord come round
Which cannot be underestimated. I've had my own mortgage-free house for six years, and I've virtually forgotten what it's like having to ask permission to put shelves up, be careful not to annoy housemates in dozens of different ways, and kow-tow to berks I pay extortionate rent to. I have vast amounts of storage space, and can array my stuff however the hell I want.
There is a downside though, and that is upkeep and the desire to improve. I've spent well over a thousand hours and fifteen thousand pounds refurbishing the place and maintaining it, especially combatting damp. Still, I don't have anybody complaining about when I leave a mess in the kitchen or my choice of picture put up in the living room.