Jumble Posted January 13, 2006 Share Posted January 13, 2006 12 months ago I sold up and started renting. Have to admit liked the place, nice high ceilings etc. But I cant stand the waste any more. I've had my offer accepted on the new house and I cant wait to be back in the game. Paying £25k a year to a landlord for no return is not my idea of common sense. Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted January 13, 2006 Share Posted January 13, 2006 That's a heck of alot of rent to pay! Obviously, you would be better off buying. Hope you are very happy in your new home. 12 months ago I sold up and started renting. Have to admit liked the place, nice high ceilings etc. But I cant stand the waste any more. I've had my offer accepted on the new house and I cant wait to be back in the game. Paying £25k a year to a landlord for no return is not my idea of common sense. Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted January 13, 2006 Share Posted January 13, 2006 yep - pay it to the bank instead Link to comment Share on other sites More sharing options...
MarkG Posted January 13, 2006 Share Posted January 13, 2006 Good for you. But most of us would prefer not to pay 25k a year in rent to the bank while losing maybe 20k a year for the next five years on a declining asset. Link to comment Share on other sites More sharing options...
sign_of_the_times Posted January 13, 2006 Share Posted January 13, 2006 (edited) 12 months ago I sold up and started renting. Have to admit liked the place, nice high ceilings etc. But I cant stand the waste any more. I've had my offer accepted on the new house and I cant wait to be back in the game. Paying £25k a year to a landlord for no return is not my idea of common sense. who's your landlord ? TTRTR ? aaawwwwwwwwoooooooooooooooooggggaaaaaaa !!!!!!!!!!!!!!!!!!! Edited January 13, 2006 by sign_of_the_times Link to comment Share on other sites More sharing options...
OLDFTB Posted January 13, 2006 Share Posted January 13, 2006 I SMELL A TROLL! Link to comment Share on other sites More sharing options...
BandWagon Posted January 13, 2006 Share Posted January 13, 2006 Why rent from the bank when it's cheaper to rent from a landlord? And why is the site allowing someone with 0 posts to start a topic? This has to be my first AWOOOGA. Link to comment Share on other sites More sharing options...
Boughtin95 Posted January 13, 2006 Share Posted January 13, 2006 12 months ago I sold up and started renting. Have to admit liked the place, nice high ceilings etc. But I cant stand the waste any more. I've had my offer accepted on the new house and I cant wait to be back in the game. Paying £25k a year to a landlord for no return is not my idea of common sense. I'm surprised that this made it through as a first post, your very own thread! Pity it smacks of pure bullsh1t though. 25k p.a. for rent? More money than sense springs to mind. Good luck in what ever you choose to do, even though I think you're a TROLL. Link to comment Share on other sites More sharing options...
paradox Posted January 13, 2006 Share Posted January 13, 2006 All Wish Ok Or Great Advances.... ....in your new home. Hope you enjoy being back on the game. Link to comment Share on other sites More sharing options...
sign_of_the_times Posted January 13, 2006 Share Posted January 13, 2006 (edited) hehehe just caught him viewing the thread, and then he was..............................gone Edited January 13, 2006 by sign_of_the_times Link to comment Share on other sites More sharing options...
Jumble Posted January 13, 2006 Author Share Posted January 13, 2006 That's a heck of alot of rent to pay! Obviously, you would be better off buying. Hope you are very happy in your new home. Thanks for your wishes. It is expensive, but I like living somewhere nice - life is to short to live in anything else. New place is more cottagey but should be cool too. One thing I have enjoyed about renting is the sense of being able to move on with minimal hassle. One bad thing is the constant fear of marking a wall or damaging a carpet and losing deposit.... Link to comment Share on other sites More sharing options...
sign_of_the_times Posted January 13, 2006 Share Posted January 13, 2006 Thanks for your wishes. It is expensive, but I like living somewhere nice - life is to short to live in anything else. New place is more cottagey but should be cool too. public toilet ? Link to comment Share on other sites More sharing options...
Badger Posted January 13, 2006 Share Posted January 13, 2006 12 months ago I sold up and started renting. Have to admit liked the place, nice high ceilings etc. But I cant stand the waste any more. I've had my offer accepted on the new house and I cant wait to be back in the game. Paying £25k a year to a landlord for no return is not my idea of common sense. No return? how about a roof over your head & no risk? Anyway, goodluck for the future. Link to comment Share on other sites More sharing options...
MarkG Posted January 13, 2006 Share Posted January 13, 2006 One bad thing is the constant fear of marking a wall or damaging a carpet and losing deposit.... I find it's better to assume that the landlord spent the deposit on beer and loose women the day he got it and has no intention of repaying: that way, if I get it back (which I actually have about half the time now) it's a pleasant surprise. Link to comment Share on other sites More sharing options...
Jumble Posted January 13, 2006 Author Share Posted January 13, 2006 hehehe just caught him viewing the thread, and then he was..............................gone Wow, it sure is friendly here to new posters! I've been a lurker sure, but I'm not a troll. A troll to my mind is someone who deliberately disrupts a thread, or abusing other posters. I have no intention of doing that. Having experienced a period of renting, and whilst its been nice to earn £1400pm interest before tax on my banked equity, I might have become less convinced of the wisdom of staying out. I'm 40 years old and my mortgage paying years are dwindling - if no HPC arrives I am screwed even worse than living with payments on a 20%+ temporarily over-priced mortgage. Needless to say though I am reducing my exposure on one front at least by fixing my mortgage for 10 years at 4.69% Link to comment Share on other sites More sharing options...
slater14 Posted January 13, 2006 Share Posted January 13, 2006 Why rent from the bank when it's cheaper to rent from a landlord? And why is the site allowing someone with 0 posts to start a topic? This has to be my first AWOOOGA. aaawwwwwww.... You beat me to it! Can I say it anyway? I'm going to say it.......AWWWWOOOOGA Link to comment Share on other sites More sharing options...
Jumble Posted January 13, 2006 Author Share Posted January 13, 2006 No return? how about a roof over your head & no risk? Anyway, goodluck for the future. Thanks badger. With regards to the risk you mention you have to put these things into longer term perspective. Sure the market will rise and fall; I bought my first house in 1983, and have been through one price crash and recession, so I know how bad it can feel, but we came out the other side, and as I didnt sell during that period I never had to crystallize the loss. Although I know those who returned their keys. Anyway, whilst I have never treated my house as an investment, it has been a very good forced savings measure, and if I divide the amount of equity I've inadvertantly built-up by the time its taken to build it I've earned £1267 per month despite the last hpc - which far exceeds my interest and capital repayments. If I were renting I would have none of this. Link to comment Share on other sites More sharing options...
Converted Lurker Posted January 13, 2006 Share Posted January 13, 2006 QUOTE(nodumsunreader @ Jan 13 2006, 09:18 PM) Less demand = less build = more demand = more build(but at higher prices) Link to comment Share on other sites More sharing options...
mxs Posted January 13, 2006 Share Posted January 13, 2006 yeah but no but if this is a real story and not a troll, some more details of your rationale for such a bold move (in the face of overwhelming evidence that the HPC is just warming up) would be welcome perhaps....? Link to comment Share on other sites More sharing options...
Ferret Posted January 13, 2006 Share Posted January 13, 2006 I bought my first house in 1983, and have been through one price crash and recession I'm 40 years old and my mortgage paying years are dwindling When you were only 17 then. Link to comment Share on other sites More sharing options...
Jumble Posted January 13, 2006 Author Share Posted January 13, 2006 And why is the site allowing someone with 0 posts to start a topic? And why is that so wrong - is this a bit of an old boys club? You know we members of the fairer (smarter?) gender even get the vote now - bet that upsets you too. Link to comment Share on other sites More sharing options...
mxs Posted January 13, 2006 Share Posted January 13, 2006 When you were only 17 then. well spotted fedup still 1983 was the start of the loadsamoney culture......... Link to comment Share on other sites More sharing options...
Guest muttley Posted January 13, 2006 Share Posted January 13, 2006 Thanks badger. With regards to the risk you mention you have to put these things into longer term perspective. Sure the market will rise and fall; I bought my first house in 1983, and have been through one price crash and recession, so I know how bad it can feel, but we came out the other side, and as I didnt sell during that period I never had to crystallize the loss. Although I know those who returned their keys. Anyway, whilst I have never treated my house as an investment, it has been a very good forced savings measure, and if I divide the amount of equity I've inadvertantly built-up by the time its taken to build it I've earned £1267 per month despite the last hpc - which far exceeds my interest and capital repayments. If I were renting I would have none of this. Jumble,you acknowledge that house prices are cyclical,then you divide your equity by the number of months you have owned property (linear increase?!).Coming back to the title of your thread,why is there too much risk? Link to comment Share on other sites More sharing options...
Jumble Posted January 13, 2006 Author Share Posted January 13, 2006 When you were only 17 then. 18 to be precise, you know what rounding up and down means? Link to comment Share on other sites More sharing options...
mxs Posted January 13, 2006 Share Posted January 13, 2006 oh has s/he gone now? how very unfriendly of us..... Link to comment Share on other sites More sharing options...
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