Reply to: Another reason to rent

[darmstadt]

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

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

[DimPrawn]

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.

[AtW]

Rents rising more than twice as fast as living costs - Telegraph

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!

[PurpleGorilla]

Rents rising more than twice as fast as living costs - Telegraph

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?

[DimPrawn]

Rents rising more than twice as fast as living costs - Telegraph

Whereas as mortgage payments have never been cheaper.

You choose.

[d000hg]

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.

[FatLazyContractor]

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 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

[darmstadt]

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

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 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

[vetran]

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

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

[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.

[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.

[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...

[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.

[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.

[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.