To rent or not to rent..

WumBuster · 17-07-2012 04:06PM #1

Im coming to the conclusion that the smartest thing to do is just to keep renting rather than buying my own property.Ive no real interest in owning one or buying or the hassle and rigmarole that goes with it. I like to just be able to up and move with a drop of a hat(or a month's notice). We are a nation that places high value on owning their own property and i just fear down the line I will have difficulties in getting a partner to settle down with if I only want to rent. So there is pressure in that regard. This ''John and Mary down the road are only renting'' mentality. Do you think it's a big deal? Countries in Europe such a holland and Germany people mainly rent because they have enough common sense to see that life is too short to get yourself in over your head in debt that you may never be able to pay back. That is all.

chin_grin · 17-07-2012 04:08PM

<savageeyesketch>"House do you do, how many houses do you have?"</savageeyesketch>

17-07-2012 04:08PM

WumBuster wrote: »

Im coming to the conclusion that the smartest thing to do is just to keep renting
That is all.

that's good to know OP

krudler · 17-07-2012 04:09PM

Rent if thats what you want, I couldnt imagine tying myself to a life of debt at this point, too much uncertainty, might want to up sticks and leave in a few months so I'd rather have no ties. I'm glad I never took the "sure rent is dead money like!" advice of people during the boom.

KTRIC · 17-07-2012 04:09PM

Subscribes to blog ...

AnonoBoy · 17-07-2012 04:11PM

*Begin 1950's ad voice*

Are you sick of landlords telling you what to do?
Are you tired of bill after bill coming through the letterbox?
Are you just sick and tired of renting altogether?

YES?

Well then SQUATTING is for you!

All the comfort of a rented house but without all the comforts of a rented house. Forget the hassle of bills for electricity and heating, in fact forget electricity and heating altogether!

Squatting! It's like renting, only better*!

*definition of 'better' may vary. Terms and conditions don't apply.

crazy cabbage · 17-07-2012 04:11PM

i dont ever see myself buying. renting seems so much smarter. If something ever happens to the house then. Gets flooded to goes up in flames or whatever you can just move out the next day and be no worse off (a few houses in my area have been flooded recently)

curehead · 17-07-2012 04:11PM

obvioulsly there is no right or wrong do what you feel is the best for
you and down worry about what neighbours think.
Too many sheep in this country.

az2wp0sye65487 · 17-07-2012 04:12PM

If you want a serious discussion you should have this moved to the accommodation & property section...

I don't know what our obsession is with owning our homes. I own mine too BTW.

I think one of the attractions for me is that you can do what you want - with regards to decoration, extension, landscaping etc. without having to seek permission. It just feels more like home. Renting feels more like the place is only temporary, and (for me) that prevents you from being 100% settled and 100% comfortable.

17-07-2012 04:13PM

curehead wrote: »

Too many sheep in this country.

they're watching you

http://t2.gstatic.com/images?q=tbn:ANd9GcSGSNWe8_tYtdC261jLU-M8yfkXpnBjPPGiyIgJtRG26r7y4jXyCCZH-EtZcA

recyclebin · 17-07-2012 04:13PM

The only thing against renting is you pay it for the whole of your life. If you buy a house you should have it paid off before you retire.

davet82 · 17-07-2012 04:14PM

recyclebin wrote: »

The only thing against renting is you pay it for the whole of your life. If you buy a house you should have it paid off before you retire.

so you can sell it to live in an old folks home that everyone that was renting will get for free :rolleyes:

AnonoBoy · 17-07-2012 04:15PM

The most annoying thing about renting is that with break clauses you can be asked to move at short enough notice.

Scioch · 17-07-2012 04:16PM

Go camping for the rest of your life and you wont have to do either.

recyclebin · 17-07-2012 04:18PM

davet82 wrote: »

so you can sell it to live in an old folks home that everyone that was renting will get for free :rolleyes:

Are old folks homes free?? The one Minister Reilly owns charges over €800 a week.

davet82 · 17-07-2012 04:19PM

LordSmeg wrote: »

Go camping for the rest of your life and you wont have to do either.

become a traveller is the way to go imo :cool:

Diapason · 17-07-2012 04:21PM

You could become a priest. Then you get a free gaff.

17-07-2012 04:21PM

I'd hate the thought of renting long term myself, as soon as I can get a job back around home (Galway) I fully intend to buy.

Renting just isn't the same as owning your own place and I'd much rather be paying off a mortguage and working towards owning a house/appartment outright than throwing it away in rent.

Building my own house also appeals to me and fortunately this is an option for me as I would have a site at home if I wanted to build.

WumBuster · 17-07-2012 04:21PM

further to my original op, I think its best to rent everything in life whether it be apartments, movies or women. :P

Jesus Shaves · 17-07-2012 04:26PM

WumBuster wrote: »

further to my original op, I think its best to rent everything in life whether it be apartments, movies or women. :P

Renting movies is so 90s, ya know anywhere I can download a woman?

crazy cabbage · 17-07-2012 04:28PM

Jesus Shaves wrote: »

Renting movies is so 90s, ya know anywhere I can download a woman?

Try here

GerM · 17-07-2012 04:29PM

Different strokes for different folks. A mortgage in some cases is now cheaper depending on your situation i.e. if you're part of a couple renting a property together.

Xterminator · 17-07-2012 04:34PM

different reports say the house market may fall 20% more, depending on location and type.

so if you buy now you might still end up with negative equity. If you like your house and intend to live there for some time, that may not be a dealbreaker.depends on if your in it for the long haul. if so, buying now might not be a bad time. Buyers are getting better value now than they have for years. Sellers expectations are more realistic too.

X

Jesus Shaves · 17-07-2012 04:34PM

crazy cabbage wrote: »

Try here

I'll have to pass, there's enough stains on my screen as it is

OneArt · 17-07-2012 04:35PM

Renting in Ireland is bollix. And most of the time you only get manky furniture and beds that other people have slept on, which is kinda creepy (though I suppose a hotel's no different...).

I'm getting my own gaff next week, renting it, it comes with no kitchen, lights, furniture anything. Just a bathroom and four walls. Can't wait to get do it up and get in my own stuff (building a kitchen's going to be hell though...). I might even paint something ridiculous on the walls because I CAN.

dannyc31 · 17-07-2012 04:36PM

imo it makes no sense to buy ever if you're a single girl or guy and in fact the savings for renting can be extended if you're willing to share with others. lets sat a 3 bedroom house share with 3 large double rooms. each paying €400 per room. you have all the worry of a mortgage taking away, all the bills are split 3 ways, you wont suffer from loneliness if you move some nice people that you get on with in, you request your landlord to maintain the household which he is required to do by law. you have the flexability to choose the geographic area you wish to live i.e. you could locate close to your job. you are not tied down to that geographic area if you're working situation changes and best and most important of all you have a proper some of money left over at the end of the month as disposable income and not the €100 which 1.8m workers seem to have and i'm guessing this is mainly due to their inflated mortgages.

its basic logic as far as i can see, a no brainer.

now getting married and having children is a different story

17-07-2012 04:42PM

recyclebin wrote: »

The only thing against renting is you pay it for the whole of your life. If you buy a house you should have it paid off before you retire.

That's how I feel about it too. My mortgage will be paid by the time I'm 50 so if I have 25 years left in me at that stage, I won't have to concern myself with paying rent/mortgage.

17-07-2012 04:48PM

dannyc31 wrote: »

imo it makes no sense to buy ever if you're a single girl or guy and in fact the savings for renting can be extended if you're willing to share with others. lets sat a 3 bedroom house share with 3 large double rooms. each paying €400 per room. you have all the worry of a mortgage taking away, all the bills are split 3 ways, you wont suffer from loneliness if you move some nice people that you get on with in, you request your landlord to maintain the household which he is required to do by law. you have the flexability to choose the geographic area you wish to live i.e. you could locate close to your job. you are not tied down to that geographic area if you're working situation changes and best and most important of all you have a proper some of money left over at the end of the month as disposable income and not the €100 which 1.8m workers seem to have and i'm guessing this is mainly due to their inflated mortgages.

its basic logic as far as i can see, a no brainer.

now getting married and having children is a different story

That all good and well if you want to share, I'm sharing with 3 other people and its grand but recently I feel like having my own space (without going to my room) and would much rather have my own place or at the very most live with one other person at most, my own place would be preferable though.

Looking at the rent for 1 and 2 bed apartments for instance you would have a mortgage for less and you always have the option of renting out the room if you get a two bed.

I would love my own place while I'm quite young and single.

BraziliaNZ · 17-07-2012 04:49PM

They're obsessed with it in Ireland yes, but here in the UK too, not to the same extent though.

That's how I feel about it too. My mortgage will be paid by the time I'm 50 so if I have 25 years left in me at that stage, I won't have to concern myself with paying rent/mortgage.

I'm 31 but I never think about what I'll be doing when I'm 50! God knows where I'll be or what situation I'll be in. Are you married or do you have kids? Is it not a massive commitment to be attached to a mortgage at a young age? What if you wanted to move abroad or met the man of your dreams who was Australian and wanted you to go there with him?

davet82 · 17-07-2012 04:53PM

BraziliaNZ wrote: »

met the man of your dreams who was Australian and wanted you to go there with him?

Get pregnant and trap him... sorted :cool:

17-07-2012 04:58PM

BraziliaNZ wrote: »

Is it not a massive commitment to be attached to a mortgage at a young age? What if you wanted to move abroad or met the man of your dreams who was Australian and wanted you to go there with him?

I don't really feel like it is a massive committment tbh, I bought my first house when I was 20. I mean, I would have to pay for somewhere to live wouldn't I? As it happens, I rent my property out, and I rent a different property, so if I decided to up sticks and leave, I would just keep renting out my own property and it would pay for itself.

To rent or not to rent..

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