Do you currently rent or own a property?
- Thread starter SideWinder
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Rent 2 bed flat - mortage on a similar property would be about double what we are paying now.
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Soldato
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I pay a mortgage on a four bed house. The thee bed opposite is rented for about 10-15% less.
Quite happy with our house actually, its privately rented, we picked where we wanted to live
I am not quite sure what you mean, of course you pick where you want to live
£390 a month if you're in SW15 in a half decent place is not bad going. If you stay in the same area and look into a single bedroom flat I think you'll be in for a surprise rent wise. Putney got really expensive during the time that we lived there.
I am not quite sure what you mean, of course you pick where you want to live
Sorry mate, what I meant was we have a very nice house and as such am more than happy with where we live. Reading my previous comment back it did sound a little odd - sorry
Was aimed at the comment made above about always living in rubbish houses forever, this is not always the case. If the place you're looking to rent is that bad then keep looking and find one that's nice. They do exist
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Sorry mate, what I meant was we have a very nice house and as such am more than happy with where we live. Reading my previous comment back it did sound a little odd - sorry
Was aimed at the comment made above about always living in rubbish houses, this is not always the case. If the place you're looking to rent is that bad then keep looking and find one that's nice. They do exist
I feel i should clarify too. I have rented myself for a few years too. The massive issue that i have with renting is that it doesnt lead anywhere, you are paying rent forever, as soon as you stop you are homeless. You can never really upgrade beyond a certain point as the rent will be so big that it becomes unaffordable. What i am getting at is that you will never ever be able to achieve expensive houses through rent. House for example in the village where i would ideally like to live are approximately £2500pcm. There is no way i could stomach that. But i WILL be able to afford to buy one of those houses outright by the time i am at retirement age through capital gain on various property & eventually chipping away at mortgages. There is also the issue that i want to be able to build, renovate, and install what i like where i like in my house, without anyone to answer to other than the planners.
Also, what happens when you do retire?
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Student renting @ £235 a month each in a 3 bed place. Bit of a crap area though and although the house is a decent size it's not brick built so not great at keeping noise out at the best of times.
Renting as it was a choice between living near uni or commuting from home everyday (~25miles)
Renting as it was a choice between living near uni or commuting from home everyday (~25miles)
What i am getting at is that you will never ever be able to achieve expensive houses through rent. House for example in the village where i would ideally like to live are approximately £2500pcm. There is no way i could stomach that. But i WILL be able to afford to buy one of those houses outright by the time i am at retirement age through capital gain on various property & eventually chipping away at mortgages. There is also the issue that i want to be able to build, renovate, and install what i like where i like in my house, without anyone to answer to other than the planners.
Also, what happens when you do retire?
Fair comment and valid points mate, I have no intention of staying in rented accomodation for those very reasons. I will hopefully buy within the next 2 years and thus can start building something for our future. Renting suites our needs for now
Soldato
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So blanket yet again.
None of my houses have been 'rubbish' far better than what I could have bought with double the mortgage payments thrown at a fictious 100% mortgage. Daddy Silver Spoon doesnt feature in everybodies lives.
Current one was £280k 2yrs ago and I pay £750 a month. The spare room is bigger than most peoples lounges.
Soldato
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i've been enquiring about places and i'd love to buy but i've got 2 choices:
1. get married then buy.
2. sharesave/buy a bit of a house.
the first seems the wrong reason to get married but whatever floats your boat.
the second - you never actually OWN the house.
1. get married then buy.
2. sharesave/buy a bit of a house.
the first seems the wrong reason to get married but whatever floats your boat.
the second - you never actually OWN the house.
Soldato
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Mortgage here, what with the recent cuts, it's now cheaper for us than my dodgy flat I rented from years back
So blanket yet again.
None of my houses have been 'rubbish' far better than what I could have bought with double the mortgage payments thrown at a fictious 100% mortgage. Daddy Silver Spoon doesnt feature in everybodies lives.
Current one was £280k 2yrs ago and I pay £750 a month. The spare room is bigger than most peoples lounges.
Blanket yes, but its true. You will never upgrade long term and i can only assume that you are waiting for a large inheritance or something come retirement time? Seriously, what's the long term plan? Fair play if you can save enough money from salary on top of your rental payments to afford to buy a decent house for your retirement when you stop working.
The personal insults i can only assume comes from the fact that you can think of no proper argument, as you know that ultimately you are incorrect.