Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Paul_J
quote:
Originally posted by Robbo
this is what i generally dnt get though, if x amount for rent/mortgage is out of peoples price ranges then why do they not just find somehting that is?
I guess what you mean is, you could find a shit hole, in a shittier location e.g. studio flat, no parking, high crime rate area which is affordable? but then why would I want to live there? 
To be honest, I'm not really a good example in this thread, I don't need to live at home at all really, just suited to far faster saving than if I was renting and I couldn't be bothered to wait. I could easily afford to rent / pay a mortgage already - just seems logical while I make up my mind with what I want to do.
no i mean clearly if thats the case then perhaps moving back home is for the best but there is a general air amongst people (in general - not necy just in this thread) of not beign able to have what you want and so finding an easier option to get to it.
how do people in relationshiops at 25 etc cope with livign with parents, surely thatd be enmough to make you want to find what you could!
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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Its mathematically possible Dave.
Just means its a low LTV.
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Paul_J
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Registered: 6th Jun 02
Location: London
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To be fair Robbo, in London I agree - I plan on renting when I move there - no point even trying to buy.
However, my plan at the moment is to use the stock pile of savings to pay a large (50% + ) deposit on a house / flat outside of london and rent it out. The rent will cover the mortgage with ease and surplus can offset the rent I pay in london.
That is my current plan.
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
i dunno, the only real pro of buying (which clearly is a massive pro), is that you own the property at the end
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
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quote:
Originally posted by Hammer
You never answered the question Gary, did your father touch you as a child?
[Edited on 15-11-2011 by Hammer]
Yes  Wanted to move out asap to make it stop 
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Paul_J
To be fair Robbo, in London I agree - I plan on renting when I move there - no point even trying to buy.
However, my plan at the moment is to use the stock pile of savings to pay a large (50% + ) deposit on a house / flat outside of london and rent it out. The rent will cover the mortgage with ease and surplus can offset the rent I pay in london.
That is my current plan.
London is a different kettle of fish altogether tbf, no-one can afford to buy anything unless its a family hopme or an investment etc.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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people who live at home over the age of 25 are the ones who like to listen to their mum and dad having sex in the next room.
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Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
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quote:
Originally posted by Ben G
people who live at home over the age of 25 are the ones who like to listen to their mum and dad having sex in the next room.
my bro still lives at home with my mum
my dad died
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Aaron
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Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
i dunno, the only real pro of buying (which clearly is a massive pro), is that you own the property at the end
True, but, IMO, the counter argument to that is that if you rent, you can move about as much as you want...with minimal issues concerning spending money etc (assuming that the bond on the place you're leaving is the same as the bond for the place you're going to).
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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thats different.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by Ben G
people who live at home over the age of 25 are the ones who like to listen to their mum and dad having sex in the next room.
Not even on the same floor as my parents. So can't hear any of that or vice versa
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
You seem to have some "mircale" mortgage deal though Aaron so not sure you can compare..
I still however think you are talking out of your arse: why is it so hard to tell us how much you put down and how much the house cost? Its not like we're all going to go out and steal your identity with some magic numbers..
£330/month on a repayment mortgage even if you were talking a 35 year term would either be buying you a shoebox in Godamnistan or you/daddy/mummy put down a MASSIVE deposit.
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BarnshaW
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Registered: 25th Oct 06
User status: Offline
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quote:
Originally posted by Ben G
people who live at home over the age of 25 are the ones who like to listen to their mum and dad having sex in the next room.
it actually makes me laugh, its like all the people on here who moved out young feel the need to insult the people still living at home, it really must nark you people, i think its great, i get up in the morn at 7 and i got a cup of coffee waiting for me outside my room, dinner made for me, washing done, and i have loads of money
well gutted to be living at home i am
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
i dunno, the only real pro of buying (which clearly is a massive pro), is that you own the property at the end
Not if its interest only..
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Aaron
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Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
You seem to have some "mircale" mortgage deal though Aaron so not sure you can compare..
I still however think you are talking out of your arse: why is it so hard to tell us how much you put down and how much the house cost? Its not like we're all going to go out and steal your identity with some magic numbers..
£330/month on a repayment mortgage even if you were talking a 35 year term would either be buying you a shoebox in Godamnistan or you/daddy/mummy put down a MASSIVE deposit.
Thunder LOL'z
Did you not see the clue i gave earlier in the thread about some lump sum payments i made you chump?
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by BarnshaW
quote:
Originally posted by Ben G
people who live at home over the age of 25 are the ones who like to listen to their mum and dad having sex in the next room.
it actually makes me laugh, its like all the people on here who moved out young feel the need to insult the people still living at home, it really must nark you people, i think its great, i get up in the morn at 7 and i got a cup of coffee waiting for me outside my room, dinner made for me, washing done, and i have loads of money
well gutted to be living at home i am
so your mum is your slave? i have more respect for my family then to treat them like that.
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Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Robbo
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
i dunno, the only real pro of buying (which clearly is a massive pro), is that you own the property at the end
Not if its interest only..
this
in which case what was the point? spent years maintaining a house only to have to sell it to pay back the money
may as well of rented and let someone else fix stuff!
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BarnshaW
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Registered: 25th Oct 06
User status: Offline
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she is not my slave, we get on very well she does not work so probably feels the need that her duty is to do things for me and my dad.
you are ok with living out, i am ok with living at home, the difference is between me and you is i dont come on here getting personal with your decision
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Robbo
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
i dunno, the only real pro of buying (which clearly is a massive pro), is that you own the property at the end
Not if its interest only..
I'm pretty sure Robbo was taling about a repayment mortgage 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by BarnshaW
she is not my slave, we get on very well she does not work so probably feels the need that her duty is to do things for me and my dad.
you are ok with living out, i am ok with living at home, the difference is between me and you is i dont come on here getting personal with your decision
i'm not getting personal at all i'm simply trying to figure out why people prefer to stay at home, whether it's because of the money, being on their own or not wanting to be tied down etc. you're the one crying about it.
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by Aaron
quote:
Originally posted by DaveyLC
quote:
Originally posted by Aaron
IMO, if the pro's and cons of renting and buying were written out, they'd totally balance out
Edit - taking personal circumstances into account of course
[Edited on 15-11-2011 by Aaron]
You seem to have some "mircale" mortgage deal though Aaron so not sure you can compare..
I still however think you are talking out of your arse: why is it so hard to tell us how much you put down and how much the house cost? Its not like we're all going to go out and steal your identity with some magic numbers..
£330/month on a repayment mortgage even if you were talking a 35 year term would either be buying you a shoebox in Godamnistan or you/daddy/mummy put down a MASSIVE deposit.
Thunder LOL'z
Did you not see the clue i gave earlier in the thread about some lump sum payments i made you chump?
So how can you be having an argument of rental v's buying when you've got the income to make massive lump sum payments and a big deposit??
We are talking about real world mortgage payments for people moving out not how much it costs now you've paid off a large chunk of it you moron.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Ben G you are the one throwing wild accusations around of people listening to their parents having the sex
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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and like i said earlier in the thread, i know 2 blokes at work (brothers) who are 25 and 28, earn 35k a year each and still live at home. they always seem to have no money though.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by mwg
Ben G you are the one throwing wild accusations around of people listening to their parents having the sex
personal experience.
my parents room is in a loft conversion and they said they could hear me and the missus'. not very nice is it?
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by DaveyLC
So how can you be having an argument of rental v's buying when you've got the income to make massive lump sum payments and a big deposit??
We are talking about real world mortgage payments for people moving out not how much it costs now you've paid off a large chunk of it you moron.
I didnt realise i wasn't welcome in the thead
Oh, i arent having any sort of argument with anyone by the way (except maybe you), i'm just giving my opinion. Then, some cunt flap wades in asking me to provide details of my property purchase
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