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If Owning A Property Means Stability And Getting On With Life


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#1 Bloo Loo

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Posted 22 April 2012 - 10:50 AM

As per title.

Apparently, ownership means you can get on with your life, while renting, for some reason, means you are in limbo.

yet people seem to move all the time.

are these housing ladder climbers getting on with their lives?
WARNING

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#2 Frank Hovis

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Posted 22 April 2012 - 10:52 AM

My secondary reason for not buying (primary reason of course being lack of value) is the whole slew of additional tasks that buying a house lays upon you. Maintenance time and maintenance costs being the main one.
High house prices - wrecking economies worldwide since 2003

#3 Goat

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Posted 22 April 2012 - 10:57 AM

Could it be that the "get on with your life" meme is another pot of VI bulls*** intended to convince the unwitting to part with their money?
Caveat emptor - let the buyer beware - anon 1523AD

Told you - Young Goat December 2007AD

We are all waking up to the reality that our houses aren't worth what we thought they were. - David Willetts MP 15 March 2011.

Join today: British Goat Society

#4 SarahBell

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Posted 22 April 2012 - 11:00 AM

They run out of room.
The space gets too big for them.
They want to be near family.
They don't want to be near family.
Whoever you are, I have always depended on the kindness of strangers.

#5 winkie

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Posted 22 April 2012 - 11:01 AM

As per title.

Apparently, ownership means you can get on with your life, while renting, for some reason, means you are in limbo.

yet people seem to move all the time.

are these housing ladder climbers getting on with their lives?




Not anymore it doesn't. ;)
What you don't owe won't worry you.

Less can be more.

#6 8 year itch

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Posted 22 April 2012 - 11:02 AM

We all know its rollocks. Its code for "I'm banking on being twice as wealthy as I otherwise would be from unearned property equity".

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#7 15stiftgasse

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Posted 22 April 2012 - 11:34 AM

As per title.

Apparently, ownership means you can get on with your life, while renting, for some reason, means you are in limbo.




This is perhaps not always the case. Such as people with longer term plans to leave the UK , as we had. We were in limbo until we were able to finally sell our own property and move into rented, and therefore in a position to move forward with our lives.

Also, as many posters say, ownership is not the same as having a mortgage round your neck. Many people who finally become owners will find that they don´t have that much life left to be getting on with.

#8 trippytinker

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Posted 22 April 2012 - 12:46 PM

Speaking as a long established & current House (h0me) owner fortunately with no outstanding mortgage living in your own home is great UNTIL circumstances dictate that a move becomes necessary.
Then you're in the lap of the gods.

#9 porca misèria

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Posted 22 April 2012 - 01:01 PM

As per title.

Apparently, ownership means you can get on with your life, while renting, for some reason, means you are in limbo.

The crucial word there is can. That might involve moving.

The contrast is indeed living in limbo, which has been the only alternative in the UK for most people, for most of living memory.

Today's rental market is far from ideal, but is on the way to offering a real alternative for the masses.

#10 Bloo Loo

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Posted 22 April 2012 - 01:10 PM

They run out of room.
The space gets too big for them.
They want to be near family.
They don't want to be near family.


therefore, maybe, moving IS getting on with your life.

renting is by far the cheapest way to keep moving...or if you choose your landlord carefully, staying in one place.
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#11 jaspers

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Posted 22 April 2012 - 02:32 PM

I've bought recently (cash purchase) entirely due to deteriorating health. Try living in privately rented property with a disability, near impossible to make adaptations.So for me yes, I hope the purchase will give me and my family some stability.
If I didn't have health problems I wouldn't be buying in this country, I would be taking my skills elsewhere.
Seven Deadly Social Sins: Politics without Principle. Wealth without work. Commerce without morality. Pleasure without Conscience. Education without Character. Science without Humanity. Worship without Sacrifice. --Mohandas K. Gandhi (1869-1948)

#12 Bloo Loo

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Posted 22 April 2012 - 03:10 PM

I've bought recently (cash purchase) entirely due to deteriorating health. Try living in privately rented property with a disability, near impossible to make adaptations.So for me yes, I hope the purchase will give me and my family some stability.
If I didn't have health problems I wouldn't be buying in this country, I would be taking my skills elsewhere.


lets hope life will be getting easier for you.

Im sure you, and others, realise that individual special cases are not the reason for my question.
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#13 Monkey

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Posted 22 April 2012 - 03:14 PM

But how is your life on hold?

I live in rented and I'm still working, I'm pushing for promotion. My g/f has found a new job and we were able to move closer to her new work with ease. I csn go on holiday if I choose. I don't understand what part of my life is on hold

#14 cashinmattress

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Posted 22 April 2012 - 03:30 PM

A few reasons I suppose,

There's never been less stable job market within a lifetime to present.

People outgrow homes, and seek employment elsewhere.

People have kids.

Etc...

#15 Bruce Banner

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Posted 22 April 2012 - 03:31 PM

I read that the average tine that owner occupiers live in a house is about six years, the time we'll have been in our rented house when the current contract expires next year.
.



----------------------------------------------------------------------------------------------------------
Lest there be any doubt.

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.





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