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Forget Buying Overseas, Rent Your Way Around The World

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The only real drawback I can see to renting your way around Europe or the world is that you have no roots, so what happens about things like healthcare, tax, or do you keep an address with perhaps family back in your home country that can be used for such mundane (but utterly essential) things?

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The only real drawback I can see to renting your way around Europe or the world is that you have no roots, so what happens about things like healthcare, tax, or do you keep an address with perhaps family back in your home country that can be used for such mundane (but utterly essential) things?

* Healthcare = Pay for private healthcare. Your NHS is funded by your national insurance premiums on your income.

* TAX = If you do not stay long enough or use certain tax laws in other countries you can earn tax free or low tax income.

* Roots = That is different for each individual. You could always visit your family and friend 2-3 times a year to keep the roots going. But roots can also hold you back from experiencing cultural diversity and friendships that new places bring.

* Address = You can always keep an address in UK for things like bank accounts etc. To keep these going if you ever plan to come back. Now mostly everything is done via internet.

* UK Number = You can take a UK phone number with you via various providers be it mobile or fixed.

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* Healthcare = Pay for private healthcare. Your NHS is funded by your national insurance premiums on your income.

* TAX = If you do not stay long enough or use certain tax laws in other countries you can earn tax free or low tax income.

* Roots = That is different for each individual. You could always visit your family and friend 2-3 times a year to keep the roots going. But roots can also hold you back from experiencing cultural diversity and friendships that new places bring.

* Address = You can always keep an address in UK for things like bank accounts etc. To keep these going if you ever plan to come back. Now mostly everything is done via internet.

* UK Number = You can take a UK phone number with you via various providers be it mobile or fixed.

Are you still in Andorra? Year 3 of your 5 year rental?

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Are you still in Andorra? Year 3 of your 5 year rental?

I moved house. So back to year 0 on the 5 year rental contract. Still like it here. Looks like there is enough snow already to start the ski season on 30 November.

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I moved house. So back to year 0 on the 5 year rental contract. Still like it here. Looks like there is enough snow already to start the ski season on 30 November.

Andorra must definitely have something, as you are spending so much time there when you could be anywhere.

I'm tempted to do the renting around the world and am now free to do it. I just wonder if I might be too isolated doing it on my own. Any like minded HPCers want to split the costs?

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Andorra must definitely have something, as you are spending so much time there when you could be anywhere.

A growing family means I have to stay put. I did end up in a place where renting has significant financial benefits compared to buying.

Renting your way around the world is great for people with:

* Internet based jobs / businesses - you need to be flexible

* Retirement income

* No kids or very young kids (so no school restrictions apply) - you can get around this with home schooling.

With a housing glut in many countries, renting gives you flexibility to move around plus also a cost advantage over buying.

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Just came across this thread what a great idea, but what do u do for income whilst abroad?

I would love to travel around europe renting a different place every so often, my work is computer based so in theory it could be done from anywhere, no need to sit in a UK office hearing muppets discuss buying houses and wats happening in the soaps lol.

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Venger   

Just came across this thread what a great idea, but what do u do for income whilst abroad?

I would love to travel around europe renting a different place every so often, my work is computer based so in theory it could be done from anywhere, no need to sit in a UK office hearing muppets discuss buying houses and wats happening in the soaps lol.

No one can really answer that for you. Nothing that makes you come too much under the jurisdiction of the local economy, in my opinion. Something that ticks over back in the UK in my view, where we're familiar with laws, tax system etc, but which can be overseen from abroad.

Bit morbid - I knew he rented it. (the villa)

http://www.dailymail.co.uk/news/article-2598074/British-businessman-dead-luxury-Spanish-villa-two-shots-head-police-hunt-ex-lover-allegedly-fled-Hummer.html

Price: €3,000 (App. £2,609) per month

http://www.thinkspain.com/spanish-property/823239

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that is the hard part, in theory i can do my current office job from anywhere as long as i have a broadband connection. However Uk isnt ready for mass working from home yet. I will look out for a home based opportunity.

My partner is just watching a programme on illegal homes on spanish tv, sounds like a complete nightmare buying in spain even for the locals but i am tempted by their cheap rentals and better tennant rights

ps would you chuck a woman who looked like that even if she was a bit mad in the head?

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Venger   

that is the hard part, in theory i can do my current office job from anywhere as long as i have a broadband connection. However Uk isnt ready for mass working from home yet. I will look out for a home based opportunity.

My partner is just watching a programme on illegal homes on spanish tv, sounds like a complete nightmare buying in spain even for the locals but i am tempted by their cheap rentals and better tennant rights

ps would you chuck a woman who looked like that even if she was a bit mad in the head?

Agree with you about the tenant rights in a few countries - from my basic understanding. That has appeal, as does possibility of agreeing a fair rental price.

Perhaps you can set up something else in the UK, away from what you currently do, or associated to it - which has the prospect of earning more - whilst simple enough to manage from overseas. Without capital to ease a time of renting abroad, I think you need your own UK business (accountant / pay tax in UK etc). I can't think of anything to suggest to you though.

He had a new girlfriend it seems. Former foxy girlfriend should have known, without a ring on her finger... DTA. There's always more ladies wanting to be your girlfriend when you have money. They don't come running for jumbo-mortgage holders.

http://www.dailymail.co.uk/news/article-2599519/Ex-girlfriend-British-millionaire-murdered-Spanish-villa-shotgun-caught-four-days-run.html

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No one can really answer that for you. Nothing that makes you come too much under the jurisdiction of the local economy, in my opinion. Something that ticks over back in the UK in my view, where we're familiar with laws, tax system etc, but which can be overseen from abroad.

Bit morbid - I knew he rented it. (the villa)

http://www.dailymail.co.uk/news/article-2598074/British-businessman-dead-luxury-Spanish-villa-two-shots-head-police-hunt-ex-lover-allegedly-fled-Hummer.html

Price: €3,000 (App. £2,609) per month

http://www.thinkspain.com/spanish-property/823239

Holy cr@p that is not a place a would want to rent. Great find though..

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This is a pretty good option for people over the age of 50 with over 200k of equity, and it's something that many people do. Sadly for young people like me it's only really an option if we can earn an income while over there.

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Update here. With zero percent interest rates for the foreseeable future and a deflationary environment like Japan had for 25 years to be the new norm. I expected this as I have the word deflation in my profile for the last 10 years on this forum. It is starting to make sense to buy property instead of renting it. I am also more grounded than ever with my kids.

I am still a sharer though, so will Airbnb my house, do home exchanges or house sits. My kids have 18 weeks school holiday so there is plenty of time to enjoy other areas. Since I have started this thread 8 years ago the sharing economy has grown tremendously. Rent or renting out long or short term is all about sharing and having flexibility.

The world is your oyster.... 

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