Bloo Loo Posted April 22, 2012 Share Posted April 22, 2012 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? Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
Goat Posted April 22, 2012 Share Posted April 22, 2012 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? Quote Link to comment Share on other sites More sharing options...
SarahBell Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted April 22, 2012 Share Posted April 22, 2012 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". Quote Link to comment Share on other sites More sharing options...
15stiftgasse Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
trippytinker Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 22, 2012 Author Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
jaspers Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 22, 2012 Author Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
Monkey Posted April 22, 2012 Share Posted April 22, 2012 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 Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted April 22, 2012 Share Posted April 22, 2012 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... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 22, 2012 Share Posted April 22, 2012 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. Quote Link to comment Share on other sites More sharing options...
montesquieu Posted April 22, 2012 Share Posted April 22, 2012 Main driver for me is having a decent place to live in retirement, in a community broadly of my choosing, rent free because it's paid for, and without being at the mercy of the pathetic tenant-unfriendly rental system we have here. This is one of the things that's driving me to look at the moment and even to make the occasional offer, but if I was 10 or 20 years younger I would be sitting it out, no question. Of course buying is it's far from fool-proof as a 'getting on with life' strategy' as millions of people in negative equity or with little equity and stuck on interest only loan have found - ranging from the most recent generation of FTBs through to people with growing families - there is no 'ladder', at the moment at least. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 22, 2012 Share Posted April 22, 2012 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? The other VI ******** line is that you need to "get on the ladder" so that you own your house before you retire. We are retired, "getting on with our lives" and happily renting . Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted April 22, 2012 Share Posted April 22, 2012 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? It would be interesting to see the comparable stats - i.e. average number of moves per year for renters vs. owner occupiers. I would speculate that owner occupiers move far less often, but that could be partly down to the hassle of buying and selling. Having said that, I suspect I agree with the point of your post which I think is that people raise this great totem of house ownership as a prerequisite to stability and happiness and then, once they've achieved it, realize that it doesn't make a whole lot of difference. A bit like people that spend their lives saying how much happier they would be if only they could emigrate to such and such a country only to find that they're just as miserable once they move there. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted April 22, 2012 Share Posted April 22, 2012 This is a subjective issue rather than an objective on. It's a bit like target fixation for fighter pilots. Some people believe that owning their own house is ticking one of the box on the life stages. They don't feel their life is progressing (get married-own house-have kids etc) unless they tick the boxes. This of course is a psychological issue. A lot of people get fixated on things like this. That somehow that when they get what they are hoping for somehow life will suddenly dramitically improve. There is a similar issue with cosmetic surgery. I have no doubt that for some people when they get their house their life will improve, but it's more due to a change in their attitude than the fact that owning a house has somehow dramatically improved their life quality. A second issue is that for nearly all people owning a house and making the commitment to have a mortgage is a big jump. Some people want/need for someone to push them, or need to make excuses/rationales for making their decision. They take comfort in saying like "own a house and your life will move on" - it's another way of vindicating their purchase. To me in general their is no requirement to own property. Maybe some people with kids argue they need "stability" but some of the best grounded kids I've seen have grown up with expat parents that move from country to country. Forces kids often have varied an rich lifestyles because of their movement between different places. Kids are adapatable. In general its the parents who are not, and need to make excuses, probably again most of the time to allay their own fears rather than anything else. Pressure from relatives parents can also be another issue. Ultimately if you want the best deal you have to wait. Probably best to be happy and comfortable in your waiting, because for things like a HPC you could be waiting a long time. Maybe we should have a poll to see who the record waiter is ! Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted April 22, 2012 Share Posted April 22, 2012 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. It's relatively unusual for people to stay in a rented house on as AST for that long from what I've seen. Best I managed before buying was 3 years - I would have stayed longer but the landlord went bust and had to sell. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted April 22, 2012 Share Posted April 22, 2012 some of the best grounded kids I've seen have grown up with expat parents that move from country to country. That's very true. On the other side, some of the downright craziest people I've met grew up that way. I think it's a lifestyle that can bring out the extremes in people! Quote Link to comment Share on other sites More sharing options...
winkie Posted April 22, 2012 Share Posted April 22, 2012 This is a subjective issue rather than an objective on. It's a bit like target fixation for fighter pilots. Some people believe that owning their own house is ticking one of the box on the life stages. They don't feel their life is progressing (get married-own house-have kids etc) unless they tick the boxes. This of course is a psychological issue. A lot of people get fixated on things like this. That somehow that when they get what they are hoping for somehow life will suddenly dramitically improve. There is a similar issue with cosmetic surgery. I have no doubt that for some people when they get their house their life will improve, but it's more due to a change in their attitude than the fact that owning a house has somehow dramatically improved their life quality. A second issue is that for nearly all people owning a house and making the commitment to have a mortgage is a big jump. Some people want/need for someone to push them, or need to make excuses/rationales for making their decision. They take comfort in saying like "own a house and your life will move on" - it's another way of vindicating their purchase. To me in general their is no requirement to own property. Maybe some people with kids argue they need "stability" but some of the best grounded kids I've seen have grown up with expat parents that move from country to country. Forces kids often have varied an rich lifestyles because of their movement between different places. Kids are adapatable. In general its the parents who are not, and need to make excuses, probably again most of the time to allay their own fears rather than anything else. Pressure from relatives parents can also be another issue. Ultimately if you want the best deal you have to wait. Probably best to be happy and comfortable in your waiting, because for things like a HPC you could be waiting a long time. Maybe we should have a poll to see who the record waiter is ! ....there is far too much pressure put on people to buy a place, it is as if you don't reach certain life targets by a certain time you have failed in the eyes of others.....like getting a degree, good job, married, house,family......what for? there is no right way to live a life as long as you don't hurt others.....a life is for living your way, not the way others expect and demand from you.......renting is good, all depending. Quote Link to comment Share on other sites More sharing options...
OnionTerror Posted April 22, 2012 Share Posted April 22, 2012 ....there is far too much pressure put on people to buy a place, it is as if you don't reach certain life targets by a certain time you have failed in the eyes of others.....like getting a degree, good job, married, house,family......what for? there is no right way to live a life as long as you don't hurt others.....a life is for living your way, not the way others expect and demand from you.......renting is good, all depending. Having a mortgage, having kids, career, etc is all part of social conditioning...It's easier to control others with the same mindset...It's also what people expect of others...they don't understand that quite a number of people don't want all that... Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted April 22, 2012 Share Posted April 22, 2012 they When I was a little kid I remember my gran saying 'they wouldn't allow that' and asking her who 'they' were. I never got a satisfactory answer. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 22, 2012 Share Posted April 22, 2012 Having a mortgage, having kids, career, etc is all part of social conditioning...It's easier to control others with the same mindset...It's also what people expect of others...they don't understand that quite a number of people don't want all that... Quite......when you are tied too tightly, you are easier to control......a worker with many responsibilities is easier to manipulate......we are all different, takes all sorts to make the world go around. Quote Link to comment Share on other sites More sharing options...
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