Renting - Have Attitudes Changed

BillyHaelyRaeCyrus

Its well known that its much harder to buy a home today, and its well known how expensive renting is. So I have a question for how wider society views it

Is the traditional snobbery of looking down on renters gone? Do people still view renters as spending mere dead money or is it seen as a adult way to have an independent life just as owning a property would be

Im not referring to HAP or social housing which likely still has social stigma, Im talking about people, single mostly, who spend a lot in rent but wont ever be in a place to buy their own place on a single income

Ginger83

https://www.boards.ie/discussion/2058316650/renting-have-attitudes-changed

I don't know about snobbery but renting is dead money much like pcp where you never own the car.

BillyHaelyRaeCyrus

https://www.boards.ie/discussion/comment/121191755#Comment_121191755

Ok. I was hoping someone would say that its is ok to rent and we can develop a social attitude towards it like the Germans. But you've confirmed most home owners think renters are just dead money which is another word for failures

Peregrinus

Renting is not "dead money" any more than buying groceries or clothes or cars or whatever is. In each case you're buying goods or services which you need to live your life in a safe and enjoyable way — in the case of rent, you're buying accommodation.

Deeec

Of course renting is dead money. At least when you pay a mortgage ( which can be a cheaper monthly cashflow than rent) you are paying towards owning that house some day - you are building your wealth. While rent is just paying for a service.

Renting should only be seen as a temporary solution. Society needs to get over the stigma that anyone still living at home after 18 is a failure - they are not. They are the smart ones who are able to save towards a deposit to buy their own home.

Those that rent long-term are setting themselves up for a stressful life and miserable old age. We need to be building basic cheap starter homes to help get these people on the property ownership ladder and out of the rent poverty trap.

People think the rental situation is bad now - well it's only going to get worse. The amount of old age pensioners we are going to have who can no longer afford private rent is going to be unsustainable. Ireland is heading for huge problems in years to come.

L1011

We're not doing this thread again.