can someone work this out please

[ady]

for the last 21 years i`ve had a mortgage on small semi detached house . i`ve now sold that , got myself a large detached house 4 bedrooms , double garage , everything n more i could have ever dreamed of , but its rented while i sort out what i`ll do next . yet when i mention i`m renting , or i get a letter thru the door , i get spoke to like shite ? who the feck do these people think they are . why am i suddenly a shower of shite cos i rent a house , all i`ve done is try to give my wife n kids a better way of life, i work 6 days a week , pay all my own way, i do not sponge or steal , yet i`m slaughtered for it , can someone work it out n let me know please ? oh n i ain`t flown for 2 months , eeeek

angry ady

[Rotorwheels]

Don't let it get to you chief, there will always be those that can't look past the tabloid brainwashing. The only opinions that matter are those of your family.

[maddog7]

It's all an illusion anyhoo fella.
You could kill yourself trying to buy a big house and merely exist as opposed to live.
It could be bought and paid for and government will change some rule or another and you could as good as lose it.
As long as your all happy f&ck 'ell all!
D
:)

[trillian]

In London it's very common to be renting instead of owning so it's no big deal. I really never thought there was any sort of negative stigma to renting!

There are lots of situations where renting is a good option for any number of reasons. Some people like to regurgitate the same old erroneous notion that if you're renting you're just 'throwing money away' whereas if you're buying somehow everything is magically better. The simple fact of the matter is that we each pay X amount per month to live the life we want, where we want etc. Money is money whether it goes to paying mortgage interest or depreciation on an expensive car. Lots of people would probably think it's completely insane that I have spent as much as I have on RC helicopters.

My flatmate has bags of money in the bank, zero debt and he's one of the most miserable gits I know because he has no interests, no passion for anything, no reason to get out of bed in the morning.

[ady]

Cheers everyone :) me family are mega happy In the new house , got fantastic neighbours too , it's just superb , the rent is 6 x what my mortgage was , yet i find some peoples attitude towards renting very weird . Anyways rant over , cos they twatts , hope you're all well and still enjoying ya toys :)

cheers ady

[MartinJ]

[QUOTE=ady; cos they twatts
cheers ady[/QUOTE]

I think that sums it up well. Their problem, not yours!

[Grant85]

[QUOTE=trillian;1132329]In London it's very common to be renting instead of owning so it's no big deal. I really never thought there was any sort of negative stigma to renting!

There are lots of situations where renting is a good option for any number of reasons. Some people like to regurgitate the same old erroneous notion that if you're renting you're just 'throwing money away' whereas if you're buying somehow everything is magically better. The simple fact of the matter is that we each pay X amount per month to live the life we want, where we want etc. Money is money whether it goes to paying mortgage interest or depreciation on an expensive car. Lots of people would probably think it's completely insane that I have spent as much as I have on RC helicopters.

My flatmate has bags of money in the bank, zero debt and he's one of the most miserable gits I know because he has no interests, no passion for anything, no reason to get out of bed in the morning.[/QUOTE]

I'm sorry but I have to disagree there Sheryl,

Renting is paying someone's else's mortgage off for them with no return for yourself, just somewhere you like to live.

Having a mortgage is paying for something that will eventually be yours.

Look at it this way, you pay £600 per month for 30 years renting. That's £216,000 so you have paid that persons house off for them!

A mortgage for the same property would mean that after 30 years it is now yours, so you can either sell it and have the £216,000 back or in most cases you may now have more money as the market goes up. You may have sd that property for let's say £250,000 making a profit of £34K . What would you have made on the rented property then tell me?

this you can either sell, get your money's lap after the mortgage is paid off you can choose to stay there with nothing to pay just utility bills whereas the person who is renting after the 30 years still is payin the £600 per month rent. Or you can choose to seek up and downsize to something cheaper. I.e a house for £150,000 and keep the rest of the money as spends ( £66,000 if you broke even or £100K if you made profit) now tell me that's not worth getting a mortgage for?

Or with the spare £100K you could buy another property and then rent that out meaning you're making even MORE money for yourself.

Or a house that's fully paid off is something to leave to your kids so that they have a start in life with no mortgage to pay. So to that having a mortgage isn't 'magically' better than renting is a little nieve on your part and complete silliness.

Renting is dead money I don't care what anyone says. And just to add too it, I rent at the moment and I hate the fact that I'm paying off someone's mortgage for them, but it's all I can do until I've save up my deposit for a house. A mortgage is like a savings account, you're paying to live somewhere ok but after so many years you an choose to sell up and get back your money that you've paid in. So tell me why a list of reasons why renting is better than a mortgage?

I think it's crazy to pay 6 times as much to rent somewhere than it is to have your own place/mortgage that you'd see a return from.

[ChrisB]

I agree,i am mortgage free,as is my partners property,i shiver at the idea of having to be paying out every month in todays market place.

I could choose to rent mine out,sell it and make £150,000 more than i paid for it 11 years ago or just keep it which i intend to do.

The light at the end of the tunnel must make a mortgage the ideal option.

I see nothing wrong with renting and certainly wouldn't like that sort of attitude but know how hard it must be to raise a deposit for something today.

[10x]

Hello Ady
I have my own house, mortgage paid off. But I always tell cold callers on the phone that I rent the house, it does get rid of them very quick....so think on the positive side.
Regards Adrian

[ChrisB]

Yeh i always do that too,soon gets rid of them:)

[ady]

dudes , not wanting to start a rent vrs mortgage thread , cos we our heli boys n girls ain`t we , i`m just amazed at peoples attitudes to me as a rent boy :) that i did not have as mr mortgage , and yep , i hear what ya say grant85 , but this is my stop gap while i sort thinks out , and no doubt when i become mr mortgage again there attitudes will change .

love n hugs from the rent boy ( age 43 ) :)

[Rotorwheels]

[QUOTE=ady;1132389] i`m just amazed at peoples attitudes to me as a rent boy[/QUOTE]

That's taking this thread in a whole different direction! ;P

[Alfie]

Maybe it's nothing to do with the fact youre now renting.

You're reputation, as a heli wrecker, may of gone public.


LOL.

col

[RcRotaryMadness]

My opinion is let people think what they want, it doesn't matter - all thats important is you & your family, and if you're happy thats all that matters.

Its the people making the assumptions about your situation that are the fools.

[trillian]

[QUOTE=Grant85;1132366] So to that having a mortgage isn't 'magically' better than renting is a little nieve on your part and complete silliness.

Renting is dead money I don't care what anyone says. And just to add too it, I rent at the moment and I hate the fact that I'm paying off someone's mortgage for them, but it's all I can do until I've save up my deposit for a house. A mortgage is like a savings account, you're paying to live somewhere ok but after so many years you an choose to sell up and get back your money that you've paid in. So tell me why a list of reasons why renting is better than a mortgage?

[/QUOTE]

Well, to be honest I really shouldn't rise to it and glorify your comments with a reply because you come in here making sweeping generalisations of the kind I was exactly referring to. So how many mortgages have you had for you to sit there and pontificate like that? I've had a bunch of them. I've had properties go upside down in value, I've had nightmares with contractors, I saw people lose hundreds of thousands of dollars when the market turned in California. I lived in the same houses they lost their ass on and since I was just renting I was able to just move on unscathed.

I currently own a place and rent it out. I have the privilege of shelling out every time something breaks, worrying about if the insurance is going to cover newly found cracks in a boundary wall out in front, etc. etc. when you rent all that stuff is someone else's problem. You can buy a house and have the neighborhood turn into a nightmare but since you own it your screwed, etc. etc. etc. There are loads of situations where renting is better, it's not a 'one size fits all' question. Yeah, once you find your dream home then yeah you'd want to own and in theory it's good to own an appreciating asset but with property it's not that simple I'm afraid.

Anyway, the point I'm trying to make here is I bloody well know what I'm talking about so you can 'disagree' all you want. :joyous: