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expat
23rd August 2015, 11:10
If you can rent anything decent, try to avoid buying property. Think about the most interesting people you know. Chances are, most of them are renters. People who rent talk about the books that they've read, the trips that they've taken, the skills that they are learning, the friends whose company they are enjoying. Property owners complain about the local politicians, the high rate of property tax, the difficulty of finding competent tradespeople, the high value of their own (very likely crummy) house or condo, and what kinds of furniture and kitchen appliances they are contemplating buying. Property owners are boring.
-- Philip Greenspun

NibblyPig
23rd August 2015, 12:00
My renting friends complain that the boiler is broken and the landlord won't fix it, there's mould under the stairs, and one of them recently blogged about a mushroom that had grown in the carpet.

Think I'll pass!

expat
23rd August 2015, 12:11
My renting friends complain that the boiler is broken and the landlord won't fix it, there's mould under the stairs, and one of them recently blogged about a mushroom that had grown in the carpet.

Think I'll pass!Can't blame you, I passed on renting in the UK for that kind of reason; and on buying in the UK for loads of other reasons.

AtW
23rd August 2015, 14:12
Still renting after nearly 20 years now :mad

vwdan
23rd August 2015, 17:03
We're currently trying to buy our first house - I was actually very pro-renting when we initially moved in together and not too fussed about buying, but I'm really looking forward to having my own house. We've been extremely lucky with our rental - we've had a handful of minor issues (Fence panels, letterbox broke, the bathroom fan stopped working and the shower stopped heating water) which were all resolved rapidly - but the lack of guaranteed stability, a contractual restriction on the number of pictures we can put up, not wanting to commit to expensive furniture etc has started to wear thin.

AtW
23rd August 2015, 17:15
I'm really looking forward to having my own house.

You'll have to wait 30-40 years by the time you actually repay the mortgage...

House "owners" these days - same old renters, only with a chance to have a minor tax free capital appreciation :eyes






























:tantrum:

TheLordDave
23rd August 2015, 17:24
We're currently trying to buy our first house - I was actually very pro-renting when we initially moved in together and not too fussed about buying, but I'm really looking forward to having my own house. We've been extremely lucky with our rental - we've had a handful of minor issues (Fence panels, letterbox broke, the bathroom fan stopped working and the shower stopped heating water) which were all resolved rapidly - but the lack of guaranteed stability, a contractual restriction on the number of pictures we can put up, not wanting to commit to expensive furniture etc has started to wear thin.

I'm doing the opposite, have never rented but am selling our first house and renting something s lot bigger.

vetran
23rd August 2015, 22:30
You'll have to wait 30-40 years by the time you actually repay the mortgage...

House "owners" these days - same old renters, only with a chance to have a minor tax free capital appreciation :eyes
:tantrum:



we have a large house in a nice area for <£1000 a month on the Mortgage. In 15 years, or sooner if we wish, it will be ours like the house before last was.

Its cheaper on the Mortgage than to rent. I don't have to ask the landlord if I can paint the walls or even knock them down. If I have to replace the boiler its still less than a Months rental would be.

Rent=throwing away money.

You must be able to buy a bedsit in Walsall by now or is the Pizza round not paying much?

FatLazyContractor
23rd August 2015, 22:36
Still renting after nearly 20 years now :mad

Have you tried your manly charms on the permi-twat's wife?

You have an opportunity to own a bedsit worth 900K, a used jacuzzi tub and a couple of BTLs :smokin

AtW
23rd August 2015, 22:59
Have you tried your manly charms on the permi-twat's wife?

She said I won't get a date until I get admin rights on here :mad

darmstadt
24th August 2015, 06:46
http://forums.contractoruk.com/general/107816-oh-dear-tm-generation-rent-housing-ladder-starts-collapse-under-40-a-5.html#post2121582

original PM
24th August 2015, 07:29
-- Philip Greenspun

I guess this guy has never rented 2up2down terrace in a shitty area of hull.

barrydidit
24th August 2015, 07:49
I guess this guy has never rented 2up2down terrace in a tulipty area of hull.

ftfy

MarillionFan
24th August 2015, 07:56
Have you tried your manly charms on the permi-twat's wife?

You have an opportunity to own a bedsit worth 900K, a used jacuzzi tub and a couple of BTLs :smokin

Don't hate the player.

garethevans1986
24th August 2015, 08:12
Nothing wrong with renting, it's a decent landlord that you need. Our last place before we bought a house the landlord was brilliant.

DimPrawn
24th August 2015, 08:55
we have a large house in a nice area for <£1000 a month on the Mortgage. In 15 years, or sooner if we wish, it will be ours like the house before last was.

Its cheaper on the Mortgage than to rent. I don't have to ask the landlord if I can paint the walls or even knock them down. If I have to replace the boiler its still less than a Months rental would be.

Rent=throwing away money.

You must be able to buy a bedsit in Walsall by now or is the Pizza round not paying much?

We've covered this subject a 100 times.

When you rent you are at the whim of the landlord. He can decide to quit the BTL game at any moment and serve you notice.
Next, rents tend to rise with inflation, debt is eroded by it. So in the long term, the capital borrowing seems small in 20 years time, the rent eye watering. And this rising long term rent coincides with retirement and falling income. A double blow.
Then there is freedom to extend your own home if you need to. Renters must move to add a room or rearrange the house walls to suit.

For a few months, short term, somewhere you don't know, rent. Otherwise buy.

Simples.

unixman
24th August 2015, 10:00
Renters' subjects of conversation stem from the fact that they are often in their 20s or early 30s, still going to nightclubs, cycling to the shops, living with housemates, playing sports etc.

darmstadt
24th August 2015, 10:21
We've covered this subject a 100 times.

When you rent you are at the whim of the landlord. He can decide to quit the BTL game at any moment and serve you notice.
Next, rents tend to rise with inflation, debt is eroded by it. So in the long term, the capital borrowing seems small in 20 years time, the rent eye watering. And this rising long term rent coincides with retirement and falling income. A double blow.
Then there is freedom to extend your own home if you need to. Renters must move to add a room or rearrange the house walls to suit.

For a few months, short term, somewhere you don't know, rent. Otherwise buy.

Simples.


Renters' subjects of conversation stem from the fact that they are often in their 20s or early 30s, still going to nightclubs, cycling to the shops, living with housemates, playing sports etc.

Depends what country you're in. If you're in a country where you're brought up believing that owning property is your ultimate goal in life then renting isn't for you whereas in many other countries where owning property isn't the be all and end all of a person's existence then there are laws protecting renters. For example I've rented the same place for the last 15 years yet the rent has only gone up once and there is a mixture of age groups, singles and families, nationalities and I don't have to worry about the property all of which I wouldn't get if I had bought property...

DimPrawn
24th August 2015, 10:25
Depends what country you're in. If you're in a country where you're brought up believing that owning property is your ultimate goal in life then renting isn't for you whereas in many other countries where owning property isn't the be all and end all of a person's existence then there are laws protecting renters. For example I've rented the same place for the last 15 years yet the rent has only gone up once and there is a mixture of age groups, singles and families, nationalities and I don't have to worry about the property all of which I wouldn't get if I had bought property...

UK has terrible tenant laws, it's totally loaded to protect and enhance wealthy land owners here.

unixman
24th August 2015, 10:43
UK has terrible tenant laws, it's totally loaded to protect and enhance wealthy land owners here.

UK also has terrible pensions laws, totally loaded to protect and enhance pension providers (banks). That is a big factor driving BTL. Again, life across the UK is warped by the egregious behavior and feather-bedding of the banks.

vetran
24th August 2015, 11:57
apparently all is not well in the State of Deutschland


Stuttgart woman is so sick of landlords that lives on a TRAIN | Daily Mail Online (http://www.dailymail.co.uk/femail/article-3208621/Woman-23-sick-landlords-gives-permanent-abode-live-TRAIN-says-s-like-vacation-time.html)


Woman, 23, becomes so sick of landlords that she gives up her rented flat to live on a TRAIN and says it's 'like being on vacation all the time'
Leonie Müller, 23, from Stuttgart, Germany, gave up her permanent abode
Decision to live on train followed dispute with a landlord
Buys £240 monthly season ticket to travel on any train
Slightly cheaper than the £290-a-month rent she was paying
Her boyfriend lives in Cologne so suits her to travel to visit him

darmstadt
24th August 2015, 12:46
apparently all is not well in the State of Deutschland


Stuttgart woman is so sick of landlords that lives on a TRAIN* | Daily Mail Online (http://www.dailymail.co.uk/femail/article-3208621/Woman-23-sick-landlords-gives-permanent-abode-live-TRAIN-says-s-like-vacation-time.html)

You did read the bit that she is also using this experience as part of her dissertation so it seems that it was partly planned. She also paid bugger all rent as she was in student accommodation and I expect to see her soon living back in the real world :wink I see she is using the Bahncard 100 which costs €379 (second class) a month whereas if she was serious she would get a yearly one for €4090 and to get a decent seat where she could sleep then a first class one would be better value for €6890 a year. What is also not reported in this article is that she also spends a lot of time at friends and her grandparents

FatLazyContractor
24th August 2015, 12:52
You did read the bit that she is also using this experience as part of her dissertation so it seems that it was partly planned. She also paid bugger all rent as she was in student accommodation and I expect to see her soon living back in the real world :wink I see she is using the Bahncard 100 which costs €379 (second class) a month whereas if she was serious she would get a yearly one for €4090 and to get a decent seat where she could sleep then a first class one would be better value for €6890 a year. What is also not reported in this article is that she also spends a lot of time at friends and her grandparents

Not to forget the free shags she gets in Cologne :rolleyes:

d000hg
24th August 2015, 14:12
My renting friends complain that the boiler is broken and the landlord won't fix it, there's mould under the stairs, and one of them recently blogged about a mushroom that had grown in the carpet.

Think I'll pass!You're still supposed to keep the place clean when renting. If it has mould/damp problems, you picked a bad place.

Boiler... yeah, that's a PITA.

DimPrawn
25th August 2015, 09:29
Rents rising more than twice as fast as living costs - Telegraph (http://www.telegraph.co.uk/finance/personalfinance/11820936/Rents-rising-more-than-twice-as-fast-as-living-costs.html)

Whereas as mortgage payments have never been cheaper.

You choose.

PurpleGorilla
25th August 2015, 11:43
Rents rising more than twice as fast as living costs - Telegraph (http://www.telegraph.co.uk/finance/personalfinance/11820936/Rents-rising-more-than-twice-as-fast-as-living-costs.html)

Whereas as mortgage payments have never been cheaper.

You choose.

Did you used to market those Star Trek collection sets that you pay each week. Get the Enterprise for £1.99 and then the next 99 models one a week for £7.99?

AtW
25th August 2015, 12:06
Rents rising more than twice as fast as living costs - Telegraph (http://www.telegraph.co.uk/finance/personalfinance/11820936/Rents-rising-more-than-twice-as-fast-as-living-costs.html)

Whereas as mortgage payments have never been cheaper.

You choose.

My rent has not been increased since I moved in 5 years ago, and it's the bank that owns the flats! :eek

DimPrawn
25th August 2015, 12:17
Did you used to market those Star Trek collection sets that you pay each week. Get the Enterprise for £1.99 and then the next 99 models one a week for £7.99?

Yes, it paid for Prawn Towers.

:smokin

darmstadt
25th August 2015, 19:04
apparently all is not well in the State of Deutschland


Stuttgart woman is so sick of landlords that lives on a TRAIN* | Daily Mail Online (http://www.dailymail.co.uk/femail/article-3208621/Woman-23-sick-landlords-gives-permanent-abode-live-TRAIN-says-s-like-vacation-time.html)

Its all slowly coming out:


... it turns out Müller is really a sofa surfer who uses the pass to commute between Berlin, her boyfriend’s place in Cologne and Tübingen, where she goes to university. She rarely sleeps on board and averages just 1,200km (746 miles) a week on the railroad...

Actually the rest of this article is quite interesting: A German student swapped her flat for a train ticket. You (http://www.theguardian.com/uk-news/commentisfree/2015/aug/25/german-student-swapped-flat-for-train-ticket-rich-masochist-in-uk)