| Non-motoring > Rent vs. Buy | Green Issues |
| Thread Author: No FM2R | Replies: 61 |
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Mon 23 Apr 18 21:31
Rent vs. Buy - No FM2R
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Specifically houses. I own now, but I didn't for many years, didn't really live anywhere long enough for it to matter. But what's the big deal? Other than any "profit by investment" type arguments, why does it matter whether you rent or buy? I absolutely would not care and never have. Buying or renting is a purely financial decision surely, not an emotional one. |
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Mon 23 Apr 18 21:40
Rent vs. Buy - R.P.
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| You're right. "Bricks and Mortar"used to be the mantra for many years. I made a neat profit a couple of houses ago - but that was long term. I was talking to the current owner last week and jokingly commented that I might buy t back from him one day. That would be bonkers wouldn't it. Might not be though....generation Z can't afford to buy without hocking themselves to the hilt. £700.00 a month would get you a good property around here. Probably cheaper in the long run with no ongoing ownership costs. |
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Mon 23 Apr 18 22:00
Rent vs. Buy - Robin O'Reliant
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Renting is for life. I took out my first mortgage aged 28 and four properties and 21 years later I became mortgage free, a status I've maintained for the last 17 years and intend to keep till they cart me out feet first. Most of it down to pure luck rather than financial acumen, of course. I was in the market at the right times and a move from Essex to Wales where a better house cost me considerably less all worked in my favour. I would not like to be starting out today, the whole thing looks a complete nightmare. I've only ever been an average or slightly above wage earner and I doubt you'd get a look in like that today unless you lived in a very cheap part of the country. |
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Mon 23 Apr 18 22:15
Rent vs. Buy - Zero
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| Buying is a relatively modern trend, its not a right. |
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Tue 24 Apr 18 00:35
Rent vs. Buy - rtj70
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Renting in retirement is going to take up quite a bit of a pension. Planning ahead and buying seems to make more sense to me. My house if rented might be about £1500pm. Down south it would be a lot lot more.
Last edited by: rtj70 on Tue 24 Apr 18 at 00:36
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Tue 24 Apr 18 04:29
Rent vs. Buy - MD
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| Buy. |
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Tue 24 Apr 18 07:04
Rent vs. Buy - sooty123
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I've always rented but that's because I've moved around quite a bit. I think this is the fourth place in the last eight years or so. I think I will buy a property at some point but just not right now. I disagree that it's purely a financial choice, for some it is but for many it's emotional. Many feel a sense of security and achievement when they move from renting to buying. |
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Tue 24 Apr 18 07:34
Rent vs. Buy - Cliff Pope
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>> Buying is a relatively modern trend, its not a right. >> As with all trends, it depends which section of society you are looking at. For the majority of the population that is surely true. Our family for example have been house-owners for centuries - not the same house by any means - but the expectation and the assumption have always been there in each generation. Another factor is that in the past, but rarely I think nowadays, inherited ownership or purchase of long-term leases was common. So the sense of "ownership" was often blurred, and did not always equate to freehold ownership in perpetuity. Some houses, and especially farms, were held on leasehold for decades or even centuries, but the period of practical ownership also narrowed down to leases owned for shorter periods - 10, 20, 50 years etc. The point at which people's identification of their relationship with the property changed from "ownership" to "renting" is debateable. Another change has been the availability of mortgages to buy, and the assumption of the normality of this practice. In traditional stories "mortgaging your house" was a moment of deep shame, a recourse to dangerous financing of a lifestyle you could no longer afford because of some misfortune, but in the hope that you could somehow retrieve the position and buy it back. The wicked mortgagor hovering eagerly in anticipation of your final financial collapse is the stuff of many novels and mysteries. |
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Tue 24 Apr 18 07:58
Rent vs. Buy - Falkirk Bairn
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If you have the deposit & can afford the repayments then it is foolish not to buy in 90+% of cases. If you anticipate that you need to move home often then renting makes sense as the upfront costs of legal fees & stamp duty + selling fees etc etc soon ramp up costs. Renting in retirement would necessitate having a much larger pension OR a poorer lifestyle. 50+% of retirees get help with Council tax & Rent but what is left still means a poor standard of living & watching every penny. |
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Tue 24 Apr 18 08:25
Rent vs. Buy - BiggerBadderDave
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How about Buy-Use-Rent? I have a little place in Lincolnshire close to the sea. I rent it out for short lets, and use it when I want it. Last edited by: BiggerBadderDave on Tue 24 Apr 18 at 08:28
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Tue 24 Apr 18 11:05
Rent vs. Buy - Fenlander
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We rented two flats over our first few years away from parents... one Rigsby of a landlord presiding over a hell hole but another fantastic place with a very decent landlord. By the time we were 24 we'd bought our own place and it was onwards and upwards from then on...well with a bit of sideways, downwards and upwards again thrown in. We have relatives encompassing pretty well every variant from those that rented local authority all their lives... through those that still own property bought 100+yrs ago by Mrs F's ancestors and still containing the furniture from that early period... to farmers who (as Cliff describes) managed to buy out the lease in the 60s the family had held on a farm for 100+yrs to now end up as owners of a substantial gaff. What I can say is those who were able to find a way to make that first step towards ownership ended up with greater reassurance in their own place and being masters of their own destiny later in life. Also they (as FB refers to) avoided having to pay rent to their dying day which would massively impact on pension needs. So if you can possibly step on from renting I'd go for it every time. As well as our early 20s rentals we have rented twice more in our 40s/50s when between house deals. I hated those periods being unable to do anything to make the houses how I wanted having to get permission to do any more than change a light bulb... and also in the last rental 7yrs ago massively resented every month's near £1000 "wasted" rent payment. Those factors stressed me so it could never just be about the financials... the emotional side was a massive factor. There is no doubt though taking people in average circumstances the picture I paint is changing. Our no.1 daughter at 23 now says she'll never afford to buy a place... hmm perhaps if you'd bought less clothes, wine and nightclub tickets for the past 5yrs you might. Daughter 2 has very modest ideas and wants to buy and live on a houseboat. Also my cousin's daughters at 30 and 32 have rented all their lives so far but they are mainly London based where getting a start buying has so far eluded them. |
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Tue 24 Apr 18 12:37
Rent vs. Buy - TheManWithNoName
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For me, buying is much cheaper than renting. Buying means its ours. No-one can claim it back or turf us out (unless we stop paying). Its an investment with a good return and has helped us climb the ladder to a bigger property but remain with our existing lender and mortgage rate and with no additional borrowing. I'll be mortgage free long before I retire too. Once the kids have grown and moved out, we can downsize and invest funds for our eventual retirement. I may even be able to afford to have a late 'mid-life crisis' and buy a poncy soft top sports car! |
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Tue 24 Apr 18 13:02
Rent vs. Buy - nice but dim
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I rented for 18 months just to get a hand of independent living, it was ok but blew 10k on rent + bills. I can understand the issues and constraints for saving for a big deposit whilst still having the need to live. Moved back home for a year to save a 10% deposit and then bought my current 2 bed house. One child later and its definitely been challenging financially but I made it my priority to overpay when I could. Now 7 years in I have 40% equity and at the current rate I'm paying and saving will be mortgage free in 5 years. I'm also the legal owner of my parent's house, it was signed over to me upon the event of their death and that they live there until that day comes. I was something they wanted to do and the sale of my current house thereafter will be split between myself and daughter to enable her to buy a place of her own and fund my retirement (one day - only 36!). I need to plan ahead as being an only child it will be on me to care for my parents at some point and being mortgage free will give me more options financially and a tad more freedom regarding that. That the plan for now anyway. |
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Tue 24 Apr 18 14:02
Rent vs. Buy - legacylad
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I bought my first house aged 21/22. I’d even saved up the deposit whilst working over 5 years. The bad news was that it was an awful crappy house in an awful crappy part of Bradford, but it was all I could afford, and even then i had to rent out a bedroom ( obviously I didn’t tell the lender) in order to afford the mortgage. My second home was in another crappy part of W Yorks, but a slight improvement on Bradford. I would have killed for a small terrace house in Bingley or Ilkley! It was a massive DIY learning curve....night school classes, swapping favours with friends who had electrical/plumbing skills which I learnt from. Every single piece of furniture, except for a new mattress, was either donated by relatives or bought third hand. But times change....children of friends are still living in rented into their 30s. Properties are still affordable in many areas close to where I live, but their salaries are spent on new car leasing, dining out, expensive holidays and leisure pursuits. Chances of saving up a deposit virtually nil. That’s not a criticism, that’s just how it seems to be. Their lifestyle choice. The idea of running around in an old car, spending evenings and weekends on DIY is a world away from their lifestyle. A mid 20s relative of mine was given £10k when aged 18 to put towards their first home deposit. Within two years it had gone on nightclubs, holidays and a boob job. Other children of friends move all over both the UK and overseas with their jobs, often at short notice, so renting seems a sensible option for them. |
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Tue 24 Apr 18 14:53
Rent vs. Buy - Falkirk Bairn
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When I bought house#1 in 1972 my mortgage was £32/mth, Council tax £10 = £42/mth A council house, brand new 3 bedder was £22 rent & council Tax. My take home pay was £96 so £42 was a big chunk, then the kids came along 1 the first time & twins the 2nd time - financially challenging! I know what the better buy was but many of today's kids it's eating out / iphone, new car & 2 overseas holidays a year. |
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Tue 24 Apr 18 15:13
Rent vs. Buy - CGNorwich
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" & 2 overseas holidays a year." Blimey, How do they manage with only two? Dont think I could manage that Glad I'm retired. :-) |
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Tue 24 Apr 18 15:17
Rent vs. Buy - DP
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>> I know what the better buy was but many of today's kids it's eating out >> / iphone, new car & 2 overseas holidays a year. I think there's an element of being priced so far out of the market that they may as well spend their money elsewhere. The average UK salary in your 20s is somewhere between £21k and £23k a year, depending on which numbers you read. This equates to a take home pay of somewhere around £1500 a month. The average cost of a first time home is £207,700, and most lenders now ask a 20% deposit from first time borrowers, meaning they need to find £41,500 for a deposit, and then pay £850 odd a month in repayments. From a monthly net income of £1500... In that position, I'd enjoy life a bit as well. What's the point in doing anything else? Last edited by: DP on Tue 24 Apr 18 at 15:18
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Tue 24 Apr 18 15:28
Rent vs. Buy - Zero
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>> The average cost of a first time home is £207,700, and most lenders now ask >> a 20% deposit from first time borrowers, meaning they need to find £41,500 for a >> deposit, and then pay £850 odd a month in repayments. From a monthly net income >> of £1500... >> >> In that position, I'd enjoy life a bit as well. What's the point in doing >> anything else? With current interest rates, the % of net income going into mortgage payments hasn't changed much since I first bought in the early 80s. |
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Tue 24 Apr 18 15:31
Rent vs. Buy - DP
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>> With current interest rates, the % of net income going into mortgage payments hasn't changed >> much since I first bought in the early 80s. >> True, but the required deposit has increased substantially (the real blocker for first time buyers), and the current freakishly low interest rates are temporary. |
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Tue 24 Apr 18 15:44
Rent vs. Buy - Zero
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>> and the current freakishly low interest rates are temporary. You'd think, I thought that would be the case, but they have been at .5% for over 8 years, 8 years? thats a full third of a mortgage term. |
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Tue 24 Apr 18 21:04
Rent vs. Buy - tyrednemotional
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>> True, but the required deposit has increased substantially (the real blocker for first time buyers) ...it appears that the main advantage of me having bought, and then paid off my mortgage reasonably early, is that, now mortgage and rent free I have been able to amass enough savings to act as Bank of Dad in providing a significant proportion of the large deposit required to get my offspring onto the property ladder. (Typed with my tongue only slightly in my cheek, and only a hint of bitterness ;-) ) |
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Wed 25 Apr 18 08:19
Rent vs. Buy - Fenlander
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Ditto here. I have given both our girls (21 & 23) an idea of what they need to do to grasp the first rung of the ownership ladder within the next few years but think our input will be needed to a greater or lesser degree. We started planning towards that eventuality about ten years ago and in conjunction with their own savings and partners parents chipping in it's actually not that onerous compared with what folks spend on cars.
Last edited by: Fenlander on Wed 25 Apr 18 at 08:19
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Wed 25 Apr 18 08:43
Rent vs. Buy - tyrednemotional
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...my daughter and partner bought their first house 4 years ago with a deposit augmented by myself and his parents to the extent of almost 4 times the full price of my first house! They are both well (some would consider very-well) paid, but they work in an expensive area for housing. I am/was lucky enough to be able to help out, and despite my comments, am entirely happy to have done so. (My parents were considerably less "financially advantaged", but helped where they could. What goes around comes around!) They entered the property market at a low level, and after those four years have just sold, and are looking for a "step up" (in a market that seems very slack). With the original deposit help, and career progression in the interim, they won't require any further help to do that - having overpaid the mortgage in the interim, they will clear in excess of £160K when they sell (even allowing for moving expenses) which provides them a very good "ladder" to their next house, even if they don't max out on their offered mortgage level. Incidentally, the mortgage repayment costs for those 4 years have been less than the monthly rental charge for the flat they had previously! Only issue is that somewhat younger son has also taken up a job in a different part of the SE, with much the same kind of property cost. I can see stage 2 arriving before long ;-) |
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Tue 24 Apr 18 15:32
Rent vs. Buy - Fenlander
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Yep DP and move that scenario to a couple each on £1500/mth buying a 2-bed first home in a village near us they will pay just £145k in a nice road so deposit a manageable £14.5k each (even more so if some parental help). Out of their combined £3k/mth the mortgage will only be around £600. Totally affordable. And to rent that house £600/mth... so buying is a no brainer really. Last edited by: Fenlander on Tue 24 Apr 18 at 15:33
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Tue 24 Apr 18 15:47
Rent vs. Buy - DP
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In areas where prices are lower, it's still perfectly doable of course. But that's not representative of many (most) areas. This is what I presume the equivalent would be where I live: www.rightmove.co.uk/property-for-sale/property-71978159.html And mortgage interest rates won't be 2.5% or so for much longer. To put that price into context, we paid not far off half that for a 3 bed semi in the same rough area 10 years ago, a house that today would sell for £380k. Salaries for 20-somethings have risen maybe 20% in the last 10 years. We're fine. I'll be mortgage free in my early 50s and sat on a nice fat asset, but I won't pretend the same opportunities are open to my kids. Last edited by: DP on Tue 24 Apr 18 at 15:51
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Tue 24 Apr 18 16:02
Rent vs. Buy - Fenlander
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>>>n areas where prices are lower, it's still perfectly doable of course. But that's not representative of many (most) areas. No but also I see such a property you linked is £1000-£1000 per month rental. So the youngster you give as an example taking home £1500 and living alone can't afford to rent in your area either. People have to move to where they can afford to live. |
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Tue 24 Apr 18 16:10
Rent vs. Buy - DP
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>> No but also I see such a property you linked is £1000-£1000 per month rental. >> So the youngster you give as an example taking home £1500 and living alone can't >> afford to rent in your area either. But a couple could, and wouldn't have to find a £56k deposit, plus all the conveyancing costs. This is what people are doing. >> >> People have to move to where they can afford to live. >> People also have to live within commutable distance of where they work. |
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Tue 24 Apr 18 16:14
Rent vs. Buy - Zero
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| property sells for the price people can, and do afford. That place wont be up for sale for long, you live in the thames valley, a high salary area. |
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Tue 24 Apr 18 16:21
Rent vs. Buy - DP
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>> property sells for the price people can, and do afford. The people who buy that 2 bed are the kind of buyers who would be buying the 3 bed we bought 10 years ago. The people buying the flats and starter homes are the people who would have been buying the 2 beds 10 years ago, and of course the buy to let investors who are driving up the prices of entry level properties in all commuter areas across the UK. The first time buyers have been screwed over all ways except for low interest rates, but that's irrelevant when the deposit takes 10 years to save. >> That place wont be up >> for sale for long, you live in the thames valley, a high salary area. 100% agree. Last edited by: DP on Tue 24 Apr 18 at 16:22
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Tue 24 Apr 18 16:42
Rent vs. Buy - Fenlander
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>>>People also have to live within commutable distance of where they work. I never understand why people continue to work in areas where living costs make them a slave to their work. I've seen and am seeing that with various folks I know time and again. Constantly up against it to service the mortgage. Move to a job in an area where you can have a good standard of living. |
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Tue 24 Apr 18 16:58
Rent vs. Buy - sooty123
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I never understand why people continue to work in areas where living costs make them a slave to their work. I've seen and am seeing that with various folks I know time and again. Constantly up against it to service the mortgage. >> Move to a job in an area where you can have a good standard of living. A lot of people have an emotional attachment to living in one particular area though. You're right it's a financial decision on one hand but the heart often over rules the head. Not everyone can or wants to up sticks and move to a new area far away. It never bothered me, I've lived in several parts of the country and I've no doubt we'll move again and again after that. A lot comes down to getting the same wage as they had in their previous area. Not always possible for many, an area with lower house prices often equals lower wages. Last edited by: sooty123 on Tue 24 Apr 18 at 16:59
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Tue 24 Apr 18 17:22
Rent vs. Buy - Fenlander
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>>>Not everyone can or wants to up sticks and move to a new area far away. It never bothered me No nor me within reason. Having said that we are now in an area with a good... income - living costs - facilities - transport... balance so likely our moving area days are over unless we do something radical. There are many jobs with national pay scales once outside the somewhat special case of London so as a 20 something you can choose servicing the debt on a £300k 2-bed or just looking at the places realising you can never afford them... alternatively go to an area where you can afford the same place for £150k or less on the same salary. Last edited by: Fenlander on Tue 24 Apr 18 at 17:22
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Wed 25 Apr 18 08:31
Rent vs. Buy - sooty123
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There are many jobs with national pay scales once outside the somewhat special case of London so as a 20 something you can choose servicing the debt on a £300k 2-bed or just looking at the places realising you can never afford them... alternatively go to an area where you can afford the same place for £150k or less on the same salary. >> That's true for some it might be well possible to do some sort of internal transfer. However whether it's possible I don't think that many would take up on it available or not. I think there are a fair few out there that prefer to struggle in a familiar area rather be comfortable in an unfamiliar one. |
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Wed 25 Apr 18 08:50
Rent vs. Buy - Zero
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>> That's true for some it might be well possible to do some sort of internal >> transfer. However whether it's possible I don't think that many would take up on it >> available or not. >> >> I think there are a fair few out there that prefer to struggle in a >> familiar area rather be comfortable in an unfamiliar one. 1* There are a lot of people in work in "high price" areas who are there because they are career minded, in jobs where serious money can be earned, in jobs with good career prospects, all things that, in general you don't get in "low priced areas". 2* There are many women on career ladders (and even this that are not) that work and need a family support structure around them for child care 3* High price areas are usually this that are attractive in some way - Coast, big vibrant cities, excellent schooling etc etc. It may come as no surprise that adding up 1* 2* & 3* is what makes a high price area, and its not just a "trend" it was ever thus. If it was unsustainable, economically or socially, it would have changed. |
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Wed 25 Apr 18 11:10
Rent vs. Buy - sooty123
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> It may come as no surprise that adding up 1* 2* & 3* is what >> makes a high price area, and its not just a "trend" it was ever thus. >> If it was unsustainable, economically or socially, it would have changed. I don't disagree with those points, especially 1. Having lived in low price rural areas many of the jobs that people speak of on here with things like lots of travel, company cars etc are pretty much non existent in rural areas especially. |
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Wed 25 Apr 18 11:20
Rent vs. Buy - Bromptonaut
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>> I don't disagree with those points, especially 1. Having lived in low price rural areas >> many of the jobs that people speak of on here with things like lots of >> travel, company cars etc are pretty much non existent in rural areas especially. Absolutely - same goes for lower level jobs an 'national wage scales'. The whole of this debate so far seems to be predicated upon some sort of regular and predictable income. Lots of people out there on zero hours contracts, multiple part time jobs or precarious self employment for who renting is difficult and a mortgage beyond their dreams. |
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Tue 24 Apr 18 17:27
Rent vs. Buy - DP
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>> I never understand why people continue to work in areas where living costs make them >> a slave to their work. I've seen and am seeing that with various folks I >> know time and again. Constantly up against it to service the mortgage. In our case, it's part of our retirement plan. There are a number of options, but all involve downsizing to a cheaper area for retirement, and the equity in this place bolstering our income. Ideally keeping this on for the rental (and to leave to the kids), but that is going to be a stretch. Given pensions worth 3/5 of naff all, there has to be a plan B. This is it. Last edited by: DP on Tue 24 Apr 18 at 17:28
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Tue 24 Apr 18 17:42
Rent vs. Buy - Zero
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>> >>>People also have to live within commutable distance of where they work. >> >> I never understand why people continue to work in areas where living costs make them >> a slave to their work. 16 million people manage it. One quarter of the UK population cant all be stupid, the 25% who also are the wealthiest & healthiest. The 25% responsible for 42% of the countries GDP. Knock it if you like, it works and it for those of us init. |
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Tue 24 Apr 18 17:54
Rent vs. Buy - No FM2R
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Last edited by: No FM2R on Tue 24 Apr 18 at 17:55
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Tue 24 Apr 18 17:56
Rent vs. Buy - Zero
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>> . >> yes Yes I know a considerable proportion of us are. |
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Tue 24 Apr 18 18:09
Rent vs. Buy - No FM2R
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| ha ha ha. Well done. Are you that perceptive or am I that obvious? |
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Tue 24 Apr 18 18:15
Rent vs. Buy - Zero
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| Well I would love to claim my powers of perception are humongous, but I can not lie, they are crap. |
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Tue 24 Apr 18 20:40
Rent vs. Buy - Fenlander
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Ahh you misunderstand the thrust of my argument. I am more than happy for the 25% that produces the 42%... truly grateful for your commitment to the cause. And the 16million you say that manage it... if they really are managing and enjoy it then all's well... for them However I was referring to DP upthread commenting that the average earnings of someone in their 20s might be so far short of buying a house at average prices they might as well forget it, enjoy themselves and spend elsewhere. So my point being that the gap between earnings and buying a house is not impossible to bridge in other and entirely decent parts of the UK. Hence there is a choice beyond blowing earnings on large TVs etc. And it's a choice worth considering if the deposit can be scraped together because in your 20s is the ideal time to get on the housing ladder when you have the energy to perhaps cope with working harder towards a larger bonus, working overtime, getting round a tired cheaper house evenings/weekends etc... and perhaps before children come along too. |
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Tue 24 Apr 18 22:59
Rent vs. Buy - Zero
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No I don't misunderstand the thrust of your argument at all, because I was responding specifically to your (rather disparaging) post (quoted in full) >>>People also have to live within commutable distance of where they work. I never understand why people continue to work in areas where living costs make them a slave to their work. I've seen and am seeing that with various folks I know time and again. Constantly up against it to service the mortgage. I see no specifics there about However I was referring to DP upthread commenting that the average earnings of someone in their 20s might be so far short of buying a house at average prices they might as well forget it, enjoy themselves and spend elsewhere. Do you? I'll let the cheap "truly grateful for your commitment to the cause" pass in the interests of group harmony. Last edited by: Zero on Tue 24 Apr 18 at 23:01
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Wed 25 Apr 18 08:04
Rent vs. Buy - Fenlander
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You will see early in the thread I put up a long post explaining why I thought... where and when possible... buying was a massive life advantage. Note no mention of being "a slave to the mortgage etc". It was only in response to DP posting re the difficulty of buying in an average/expensive area that I started a discussion of several posts to which he replied each time... a conversation of differing views you might say... culminating in the post that irritated you. So yes my latter comments *were* prompted by and in response to DP.... who incidentally was able to reply without irritation that it's part of his retirement plan... fair enough. I'm glad you will be kind enough to let my final quoted comment go for the sake of forum harmony... given you have a long history of waspish replies yourself I would have thought it was just your sort of thing. But in truth I really am grateful... because those that remain hard on the pedals are creating the wealth that keeps our company pension schemes healthy. |
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Wed 25 Apr 18 09:38
Rent vs. Buy - Roger.
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It's a money thing. We would be utterly strapped if we had to pay rent at our time of life and on very modest pensions. The minimum round here, a cheap place for property, for "not a hovel" is circa £550 p.c.m. |
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Wed 25 Apr 18 11:33
Rent vs. Buy - car4play
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>> sake of forum harmony Has something wonderful actually happened in my absence ? |
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Wed 25 Apr 18 14:14
Rent vs. Buy - Zero
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| No, sod off back to your server rack. |
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Wed 25 Apr 18 15:18
Rent vs. Buy - legacylad
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I’ve no idea what a server rack is, somewhere to hang servers maybe, but that’s not very nice. Typical BMW driver reply. And it’s only a titchy 3 series at that. Away and boil yer head |
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Wed 25 Apr 18 16:46
Rent vs. Buy - Zero
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>> I’ve no idea what a server rack is, somewhere to hang servers maybe, but that’s >> not very nice. Typical BMW driver reply. And it’s only a titchy 3 series at >> that. >> Away and boil yer head W^TF! cheeky northern get, Its a 5! Tourer! #froth froth Last edited by: Zero on Wed 25 Apr 18 at 16:46
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Wed 25 Apr 18 20:29
Rent vs. Buy - legacylad
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Apologies senor. An increasingly frequent senior moment, I’d forgotten about transporting the hound. The Canarian sun has indeed boiled my own head today! Home soon for 3 days backpacking the Pennine Way and drowning in mud rather than the deep blue sea! |
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Wed 25 Apr 18 11:30
Rent vs. Buy - car4play
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>> a choice beyond blowing earnings on large TVs www.ebuyer.com/833829-55-toshiba-full-hd-tv-55l3753db ... people nowadays can't be paid much then ;-) |
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Wed 25 Apr 18 12:14
Rent vs. Buy - Fenlander
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I was thinking more a half decent Sony... www.currys.co.uk/gbuk/tv-and-home-entertainment/televisions/televisions/sony-bravia-kd77a1-77-smart-4k-ultra-hd-hdr-oled-tv-10169367-pdt.html |
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Wed 25 Apr 18 12:46
Rent vs. Buy - RichardW
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13 grand for a TELLY FFS!!! And it's nearly 6ft wide; it would block the access to our lounge! Mind you, I saw a smaller version of one of those in John Lewis, and thought the picture looked very good, but nearly choked when I saw the price at £4.5k. I think I would have choked at 3 grand! Mind you, I am a total luddite when it comes to TVs. In the 20 years since I bought my first house I've had 2 - a 21" CRT that cost IIRC £200, and a current 32"Sony flatscreen that's probably about 12 years old, and we've only got because we inherited it! |
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Wed 25 Apr 18 14:36
Rent vs. Buy - henry k
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>>13 grand for a TELLY FFS!!! Best avoid reading further down? One pound change from £17K for a Panasonic but it too is only 77". |
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Wed 25 Apr 18 16:01
Rent vs. Buy - Ambo
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>>And it's nearly 6ft wide; it would block the access to our lounge! Unless you could view it from about 18' it would literally be too close for comfort, to boot. It doesn't appear to have any legs. Is it the wallpaper type? |
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Wed 25 Apr 18 14:59
Rent vs. Buy - movilogo
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>> why does it matter whether you rent or buy? A mortgage will enventually come to and end and following which you can live for free (in same house) for rest of your (and whoever inherits) life. Rent is payable forever. |
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Wed 25 Apr 18 16:13
Rent vs. Buy - R.P.
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| The problem is, as identified elsewhere, after retirement...how does one pay the rent then ? |
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Wed 25 Apr 18 16:26
Rent vs. Buy - Bromptonaut
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>> The problem is, as identified elsewhere, after retirement...how does one pay the rent then ? The answer to that is Housing Benefit but only if you've got a low income. I'm nowhere near eligibility for that but £5-600pcm would significantly cramp my lifestyle. |
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Wed 25 Apr 18 16:47
Rent vs. Buy - R.P.
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| I have a retired friend who does get HB it covers his rent more or less. He lives on his state pension and pension credits. Not easy |
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Wed 25 Apr 18 17:01
Rent vs. Buy - Robin O'Reliant
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| £600 a month rent would cripple me. |
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Wed 25 Apr 18 16:25
Rent vs. Buy - sooty123
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Rent is payable forever. >> >> Probably an extreme example but there was a woman near where I grew up she lived in one house her whole life. She was born there, took over the rent from her parents raised a family there and ended up dying in the same house. |
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