Another reason to rent

[darmstadt]

http://forums.contractoruk.com/gener...ml#post2121582

[original PM]

-- Philip Greenspun

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

[barrydidit]

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

ftfy

[MarillionFan]

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

Don't hate the player.

[garethevans1986]

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]

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]

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]

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]

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]

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.