Does everyone in life want to own a house if they have kids?

[Flowersblue]

Does everyone in life want to own a house if they have kids?

I imagine they might yeah...but I'm sure there's people that don't.

I have kids and I don’t want to own a house, more than happy renting!

Everyone’s different - I have a friend who lives in a converted van with her two DC and wouldn’t have it any other way. I suspect what most people want for their DC is stability, and home ownership tends to offer that over renting; though there are still parts of the U.K. where renting is affordable and a tenancy can be yours pretty much as long as you want it because the market isn’t very competitive.

We pay more in rent than the mortgage payments would be so absolutely.

"Does everyone in life want...........?"

I think there are very few ways you could finish that statement accurately. Maybe oxygen I guess!

There is no one umbrella that you can put EVERYONE under.

However, I'm sure that a lot of people - both with and without kids - would like to own their own home.

I don't see many good reasons you wouldn't. We overpay a bit and will be mortgage free in our late 40s/early 50s. If you pay rent surely it will just keep going up?

Plus we'd eventually like to downsize and give DD a bit towards a house deposit big possible

I used to work with somebody who lived in a housing association house. He said that him and his wife had absolutely no plans to try and buy their own house because if for example the boiler packed up they wouldn't have to pay for repairs or a new one

They both had brand new leased cars and the latest Apple phones and watches

We though will obviously leave dd our house etc when we die but for some people it's not important to own a property. We can also extend if we like and it gives us security. With renting you can be served a notice at any time

Kids are a factor, but so is the desire to not be paying rent/mortgage when I retire. I imagine lots of childless folk don’t want to be worried about the roof over their heads when they get old and infirm!

The person I knew who rented with children was really happy until the landlord decided to sell the house. She ended up changing schools nursery child minder etc as well as having a nightmare commute to work.

When we were renting we were once given just a month to get out and we lived somewhere where there were v few rentals. I vowed then not to have kids before I could buy.

I think stability is the key factor. And if you have a housing association property then you can probably count on that stability but not in a private rental.

I have children and yes I want to own a house, I want stability and dont want to throw money away renting. Currently we live in a house which comes with my DHs job, I'm saving hard as I hate the idea suddenly we could have no home.

Also my grandad worked very hard from nothing and was able to leave his children a good sum of money each, I want to be able to leave something for mine to

I have kids. I don't own a house. I would prefer that I did, but life is not blighted by my not owning one.

DH and I definitely want to buy a place of our own but we're happy renting and saving for the perfect house rather than buying just anything.

I wouldn't mind living in life long rentals, if I was very rich. For most ordinary people though, their own home is the most security they'll ever get.

We wanted to buy to have something to pass on to our kids, life is just easier with a bit of help.

The two aren't relatable for me, I didn't buy a house for my children to inherit, I bought a house for all the other reasons you buy property (it's a bonus if they do, but care home fees could swallow it I guess!), I suppose some might do it for more stability but our previous rental was very stable so that wasn't a factor for us.

For me the reasons to own a house are as follows (we are finally buying our own house at the age of 40!)

• not having to rent in old age
• having an asset that your are paying towards rather than rent that is just gone once you pay it
• stability of not being asked to leave as landlord is selling
• not being embarrassed about renting while everyone else owns
• being able to do whatever you want to the house rather than having to put up with a falling apart kitchen/bathroom as landlord won’t replace as still ‘works’

Absolutely. I'd like to be in a position to clear the mortgage ASAP - I've already shaved off 7 years by overpaying - and then look to hopefully buy more property elsewhere and ensure that DD inherits, or at least has a chunk of the equity towards a deposit for a home for her in the future.

Home ownership is very important to me - my parents were the first generation in my family to own a home and not live in poverty, and I feel somewhat duty bound to ensure that I try and amass a level of wealth and pass that to the next generation.

Most people would like to own I'm sure but many can't afford to. I own a little leasehold flat. A bit of security and a nice base. There are ups and downs to owning and renting.

Many years ago I bought a property via Shared Ownership so owned a percentage. I eventually purchased the property outright. My neighbour (with kids) decided not too. He feels he has greater security with the Housing Association still owning part of the property. Apparently if he runs into mortgage arrears the HA will pay the mortgage company as the property cannot be repossessed if they still partially own it. He prefers this security over and above full ownership so pays a small mortgage and rent. The family can afford things such as nice holidays and activities they wouldn't be able to if he was paying a full mortgage. I think he values these experiences for the DC over property ownership.

No I don't

I own my home but it had nothing to do with my decision to have children.
My mortgage will be paid off by the time I'm 55 so we will be able to work less then.
The security was i.portent to me and I don't understand how retired people afford to pay rent, that would be a but sorry for me.

Regardless of kids, I wanted a house because then it's mine and no-one can tell me to leave. (barring compulsory purchase orders)

Plus when I retire I will be rent free.

Yes. We waited until we did before having them.

Having had little housing stability as a child, it was important to me. Plus they will have our house to return too once they fly the nest at any point so will always have a safety net.