renting til I die

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About renting til I die

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    Londinium
  1. Happy to pay my share off if everyone else is willing and able to pay theirs! Everyone has £78000 sitting around earning no interest in a bank account, right?
  2. Remember that it is not a 'Ladder'. That will help you keep your perspective!
  3. I mention yield to everyone who tells me to buy because rent is dead money, etc. So many blank faces! Lately, I've been getting the argument that the 40 year mortgage is the new normal. When I point out that these mortgage terms are not plausible under higher interest rates I get more blank faces. A few changes to the renting laws in this country, a rise in interest rates and who knows, more people might see renting as a good deal (as it is, at the right yield, with a good landlord)! As someone already mentioned, it is all about the monthly payments, init...
  4. LOL As a fellow renter, isn't that just the truth!
  5. I understand, we are all angry.
  6. What up with this new quoting system? Seems a little buggy. I can't select outside of the box? I'm on the same page as GrizzlyDave. I want a savage correction and for the delusion of one way, no risk, housing investment to be gone for several generations. Even if this affects some of the assets I hold. I rent, for something around the 3.5% yield mark. Seems reasonable but the monthly out-goings are still high, when you also consider that my bills for this dump are higher than what they would be if I had my own place, all done up and insulated right. I don't want to sound too bitter, but I should have bought some shitty little box when I had a chance around 2009/2010, mortgage would have been gone by now, so I would be sitting pretty and rent free, although who knows what I would be spending on DIY and maintenance? I'm guessing, not half as much as my rent! I post less since the forum update and I only have been reading occasional treads, this one caught my eye.
  7. Haha, yes, that is what all of these people think. They can't see that there might be another way!
  8. I take it that this was a friend from some time ago. I have had similar experiences, you are better off rid of these people. No great loss. The madness continues...
  9. +1, hence why now I don't even think of buying a home, dismiss any talk of 'property ladders' and change the conversation sharpish! Above all, anyone who tells you that taking on a huge debt is a one way bet or looks down on you for not being on the 'property ladder' probably isn't worth engaging with.
  10. Why are you so blind to the recklessness of these borrowers?
  11. That's the biggie. There is no-one who has a house who can compared value to their earning nowdays. It's all, you have to live somewhere, renting is dead money, just get the biggest mortgage and buy whatever you can wherever you can afford it. Houses are supposed to go up faster than income, innit.
  12. Funny, funny, funny, and so true...
  13. I love the analogy. With the election of Trump, we have a greatest chance in years, to see a move towards the more hawkish monetary policies we need to see some sort of change. Yes yes, I know that in the short term we may see a use of monetary stimulus but Trump has spoken about the unsustainable level of national debt in the US for years now, so I can't see him not trying to address it now he is in a position to. Even if stimulus is used in the short-term, hopefully it won't be another banker bailout and will be more effectively targeted at helping the little guy. One can live in hope!
  14. LOL That's one bad typo! How did I miss that, I even edited it! Anyway, I was thinking of this, try watching from 2:55
  15. The one thing you must do before being born is, buy a house! In fact, think that you might have grandchildren? Buy them a house now! Milton Freeman had a point, don't you think, when he pointed out the irrationality of parents in saving for their children. People won't get it until HPI spends years at a crawl (or hopefully negative!) and the cost of holding these assets becomes a noticeable burden.