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renting til I die

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About renting til I die

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  1. I have kind of stopped caring about house prices..... some years ago now! Yes, it still gets on my nerves with people's mindless obsession about how much their house is worth and how their home is their biggest and best investment (homes are not investments, but you knew that) etc, but I just work on my own investments and ideas and go with the flow. I never bother mentioning how big my portfolio is to home owners nowadays, or what yield I am getting! OR how the yield of their homes is often pretty poor! Pretty sure I will FIRE before most people my age have paid their home mortgage off! Without more information on your situation (income, areas house prices, your saving/investment), I really couldn't start to advise you on whether you should be buying, taking on debt, etc. £900pm for a family home for 4 people sounds like a bargain for me but being in London, I am kind of at the worst end of the renting thing! :P As for where house prices will go, well I have long considered that inflation will eventually have a huge impact on the relative value of house prices to income. Not that I am expecting many people to notice. A short blip and it will be back to ramping the selling of piles of bricks to each other.... Yeah, I am at the point where whatever happens, I think the general populous are never going to change, well, not this lot and not unless we have 50 years of stagnating prices..
  2. Almost all extra/overtime goes into stock investments! I was thinking of continuing my studies but have decided to invest more of my time into boosting my portfolio! Btw, to the OP, my basic wage looks to be going up 1.9%, although the union is demanding more so we will see.
  3. Of course I am answering on behalf of byron78 here, so I do not claim to be speaking for him but I think you are looking for offence where there is none to be taken. In my mind a 'wage slave' is someone who needs to go to work, i.e. 9 to 5 week in week out. Even a business owner who actively has to work there is still a 'wage slave'. Not until you have enough passive income which you can live off can you say that you are not a 'wage slave'. You may still work but you can chose not too. It seems to me that byron78 was just making an observation and not trying to belittle anyone.
  4. I really haven't bothered looking. Which ones are the best.... I mean worst!
  5. Indeed. Also, to the OP, ask your family and friends about rental yields! What return do they get from that big lump of equity that they call a home!
  6. Join the club! I know what it feels like to have all your close family think you are an idiot for not buying a house. However, my investments (mainly equities) are now getting to the point where they almost pay for my rent, so was I such a fool? Note that Rich Dad Poor Dad says that homes are not an investment, not because they can't yield a positive return but because they have a negative effect on cashflow! How much extra cash have I been able to invest 'because' I have been renting for the past 8 years? Anyway, I am almost at the point where I don't care where house prices go. I may well rent until I die! After all, a house is just an asset that pays your rent for you... Btw, the next time you are told that rent is dead money. Ask them what they understand as dead money? (this can lead to an interesting discussion, as people waste so much money on crap!) and how much of the rent you pay is dead money? IF your rent was only £50 per week is that dead money? £100, £200. Where is the line? People really don't see how much money owning a home costs! Renting can be better than owning a home even without a mortgage!
  7. This is the only reason you should ever buy a home! Home should NEVER be looked at as an investment, even serious BTL LLs known this!
  8. ROFL 😂 I still remember the LBC interview, when she wasn't sure if the money set aside by the Labour budget for the police would pay for 30000 or 300000 extra offices (all to work on 'hate' crime no doubt)!
  9. Errr.... any prove of that theory? I think that is one reason the left wing media should love her! *flower, hugs and lollypops*
  10. Oh, you need to be more WOKE. Didn't you hear, black people can't be racist -ist -ist!
  11. As bad as TM is, I agree that GB was worst PM ever!
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