What age did you leave home???

renting is a great way of seeing how scumbaggy landlords are and deciding to get your own place.

I wouldn't rent if I could live "rent free" at parents house.
 
I'll be moving out at 19 (current age) either pretty soon or the start of next year. Not at uni and starting a career so no real need for me to stay at home and i will be able to afford to move out (renting) so why not :)
 
OoOverclockaoO said:
Seems like throwing money away to me , I would rather be paying the same amount or more towards a mortgage and have something to show for it
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Have you done the maths? In a lot of areas, what you would be paying to rent a property will only cover the interest on the mortgage. What happens if there is a market crash? Even a small slump and you'll be stuck there for a very long time. You're young - what happens when you meet a partner and want to buy a place together?

I'm not trying to dissuade you, just playing devil's advocate for a bit :).

As for the "dead money" argument, I don't think it applies as much as it did perhaps 5 or 10 years ago. After all, most people buy their cars on PCP which is essentially renting. You rent your mobile phone, your broadband connection, you might rent DVDs/games... you get the picture. Renting a house is no different.

Obviously owning your own place has its benefits in that you can do what you want with it and eventually you should find yourself with a healthy chunk of equity but I wouldn't rule out renting, at least to begin with. If you've got £50 to £100k to put down, buying starts to look a lot more attractive.
 
Moved out at 18, moved back in not so long ago at 25 because I travel with work and the UK base is 6 miles from my house. Plus its a big house with just my mum, bro (22) and sis (15) living there and Ive got my own bathroom. Very relaxed atmosphere compared to some of my friends who live at home still, which softens the blow for being 25 and still living at home. Im moving abroad on a more permanent basis in Jan but will still always have my room at home. Once I come back I'll buy a house I expect.
 
Adz said:
Have you done the maths? In a lot of areas, what you would be paying to rent a property will only cover the interest on the mortgage. What happens if there is a market crash? Even a small slump and you'll be stuck there for a very long time. You're young - what happens when you meet a partner and want to buy a place together?

I'm not trying to dissuade you, just playing devil's advocate for a bit :).

As for the "dead money" argument, I don't think it applies as much as it did perhaps 5 or 10 years ago. After all, most people buy their cars on PCP which is essentially renting. You rent your mobile phone, your broadband connection, you might rent DVDs/games... you get the picture. Renting a house is no different.

Obviously owning your own place has its benefits in that you can do what you want with it and eventually you should find yourself with a healthy chunk of equity but I wouldn't rule out renting, at least to begin with. If you've got £50 to £100k to put down, buying starts to look a lot more attractive.
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I know where you're coming from , I'm really not bothered about living here for a few more years , and I'm not paying too much rent now either :p. Currently just saving up for a bit longer and see what happens - bit uncertain as to what my plans are for the next couple of years, but I'm happy with the situation at the moment :). I think I just can't face the fact I'll be paying £1000-£1500 per month and not have anything to show for it at the end.
 
its quite shocking that some people are so old and still at home :eek: no offence intended to anyone that is but I couldnt imagine being at home for that long :/ would want to (and have done ) my own thing, what are you meant to do about girlfriends and alike??
 
16

you are 23? and you live at home? Have you actually pulled yet, in your life? Get out already, give the old un's a break!
 
OoOverclockaoO said:
I know where you're coming from , I'm really not bothered about living here for a few more years , and I'm not paying too much rent now either :p. Currently just saving up for a bit longer and see what happens - bit uncertain as to what my plans are for the next couple of years, but I'm happy with the situation at the moment :). I think I just can't face the fact I'll be paying £1000-£1500 per month and not have anything to show for it at the end.
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Yeah I can see that

How about sharing though? I'm paying £325 a month for shared accomodation in Canterbury (sharing with one other guy) so it's affordable and you get your own place
 
Rich1988 said:
its quite shocking that some people are so old and still at home :eek: no offence intended to anyone that is but I couldnt imagine being at home for that long :/ would want to (and have done ) my own thing, what are you meant to do about girlfriends and alike??
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Everyone lives in a different situation to others. Some people have parents who are straight cut and wouldnt even consider letting a girl or boy sleep in the same house as their child, whereas others have no problem with it at all.
 
ajgoodfellow said:
Yeah I can see that

How about sharing though? I'm paying £325 a month for shared accomodation in Canterbury (sharing with one other guy) so it's affordable and you get your own place
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Well I live and work in SW London, renting isn't cheap around here - also don't really like the idea of shared accomodation at the moment :p

I've got quite a lot of freedom living here , so not too fussed about moving out right now
 
I'm 20, I might "have to" move out next year if my gf can't get a job just outside West Sussex (I won't let her get a job in West Sussex, the NHS pay her profession 4 grand less than any other county). So we might end up moving out if she can't get something close-ish to here.

But if that doesn't happen, which'd be nice, I'm planning on moving out in about 2 years, so I'll be 22/23 :) No idea what the future holds!

I don't have to pay rent here either, fortunately.
 
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