assuming a stable or growing housing market your mortgage "payments" aren't payments at all
rather a change from cash wealth to asset wealth, rent is just money being poured away.
( Naked Ape call me Caitlyn, Fri 11 May 2012, 13:56, 1 reply, 13 years ago)

generally i think those who would defend renting permanently in this country
would either have swung something amazing like a rent act tenancy, or have a severe case of denial. but maybe i've been brainwashed by the property ladder media.
( rachelswipe with a fork, Fri 11 May 2012, 14:00, Reply)

Or are illegally in a housing association place and paying fucking peanuts

( Monty Boyce, My cheese game is strong, Fri 11 May 2012, 14:03, Reply)

rent act tenancies were murder for landlords
i have some that i am dealing with at the moment, and it's a total bitch. eg i have one dude paying £400 a month for a 3 storey townhouse in notting hill. and it's hereditary, so when he carks it, a relative could stay for the next god knows how long.
( rachelswipe with a fork, Fri 11 May 2012, 14:05, Reply)

If rents were controlled so that by renting you would definitely be paying less than a mortgage
then there would be an option, but the way it currently works you're a mug if you rent, but also, you probably won't ever be able to afford a mortgage of your own.
(Bazongaloid, Fri 11 May 2012, 14:05, Reply)

they used to be
it meant that there was no money in being a landlord, so people either resorted to very dodgy tactics or didn't put any rental property on the market. i mean, why would you pay all that money on a mortgage, only to be stuck with a tenant's rent covering a fraction of it? there's no incentive.
( rachelswipe with a fork, Fri 11 May 2012, 14:07, Reply)

I'm not going to pretend to have thought about it enough
but there must be a compromise available somehow or it wouldn't work in other countries. There aren't enough houses being built full stop, which is only increasing the pressure on prices.
(Bazongaloid, Fri 11 May 2012, 14:09, Reply)

new houses are inevitably shit
Did you see that program outlining how small their rooms often are and how tiny the windows are to help meet engergy efficiency targets?
( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:12, Reply)

It depresses me when I go and visit new developments as part of my job and you see just how crap the new build properties are.
And then you go round the corner to where they've built the housing association plots and it's even worse.
(Bazongaloid, Fri 11 May 2012, 14:15, Reply)

And wwhy aren't they built in a modern style from more modern materials
instead of relatively traditional bricks and mortar, 2 up 2 down etc etc
( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:19, Reply)

BOR-RING

(Quintno EXPERIMENT RUINED CANCELLED, LEFT 4EVER, Fri 11 May 2012, 14:20, Reply)

Because you are a bent spastic.

( Monty Boyce, My cheese game is strong, Fri 11 May 2012, 14:20, Reply)

My negative influence on 21st centuary architecture is well documented

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:22, Reply)

BORRING

(Quintno EXPERIMENT RUINED CANCELLED, LEFT 4EVER, Fri 11 May 2012, 14:22, Reply)

BORRING

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:23, Reply)

Because there is nothing wrong with bricks and mortar.
They are cheap and strong and can easily be made insulated to give you a toasty warm home.
(Bazongaloid, Fri 11 May 2012, 14:25, Reply)

I know that, but i want houses made of zinc and titanium with catalvered roofs and towers

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:32, Reply)

Actually, what do you do for a living?
aside from digging holes
( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:20, Reply)

I'm hardly likely to tell you that am I.

(Bazongaloid, Fri 11 May 2012, 14:26, Reply)

Why not? You don't have to be specific
I'm guessing you are a surveyor of some sort
( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:27, Reply)

Nah, elephant dung removal experts

(Bazongaloid, Fri 11 May 2012, 14:30, Reply)

oh
( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:32, Reply)

Yeah, it can be damned hazardous.

(Bazongaloid, Fri 11 May 2012, 14:40, Reply)

it used to work, house prices got out of hand and rents didn't
when i was 18, i bought a 1 bed flat in didsbury as an investment. i paid £42,000 and the mortgage was about £312 a month. my rental income was £560. profit.

5 years later, i sold it to pay for my law degree. i sold it for £101,500. marvellous for me. but priced it totally out of the rental market for anyone who needed a mortgage, as the rents had stayed totally static.
( rachelswipe with a fork, Fri 11 May 2012, 14:12, Reply)

The house I rented before I bought my own 12 years ago
is now back up for rent at 40% higher than it was when I rented it.
In the meantime my monthly mortgage repayments, which started off about 12% lower than the rent I was paying have now dropped to less than half what it would cost to rent that house today.
I think buying was the right option for me.
( tangledupinblue hairy badge with moving eyes, Fri 11 May 2012, 14:26, Reply)

i think it is for everyone in the uk

( rachelswipe with a fork, Fri 11 May 2012, 14:34, Reply)

Well, I'm thinking I might have to go into shared accommodation for a while to get my deposit sorted out.
From a house to a flat to a shared house.

I'm doing it wrong.
( Kroney, Fri 11 May 2012, 14:42, Reply)

+ in Slough

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:43, Reply)

I won't be sharing in Slough.
Fuck THAT.
( Kroney, Fri 11 May 2012, 14:47, Reply)

Chompy is looking for a flatmate

( tangledupinblue hairy badge with moving eyes, Fri 11 May 2012, 14:43, Reply)

"Basingstoke woman traumatised by frozen turd rape"

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:45, Reply)

lols

( sporters I’m sincerely gratitude to you, Fri 11 May 2012, 14:47, Reply)