To rent not own a house now I have a child?

[CharlieMumma]

I rent my house privately with my dp and our ds. We don't earn enough to be able to get a big enough mortgage for a 3 bed house. So until we get pay rises and save a big deposit we are renting. I think It definitely has positives as webcam move easily for schools etc.

Have had a few comments from other friends who own and are married saying buying is best what about the security of your children you could get chucked out if landlord want house back and in the future what will u pass on to them etc?

Is renting really that reasonable?

Tuesdaynightclub get the tissues out, just got my new mortgage statement and my payments have dropped to £83 per month!
I realise I am very lucky, although before this thread I was of the outdated opinion that buying was the best way.

The thing is when you get old and grey you will be forced to sell your lovely home you worked so hard for to pay your nursing care if you need it. Little Joan bloggs who rented, won't have to sell anything and gets the same care as you. So buy owning a house you pay for it twice!

We are at the end of our 30's and own our home outright, we know we are in a minority, but must admit it's a huge relief it's one less thing to worry about.

OP

Buying anything anywhere isn't an option, even if we wanted to.

It shocks me how blinkered people are when it comes to this. I've had people saying 'ooh why don't you buy?' normally from people who bought before house prices went crazy or even more annoyingly, people my age given whacking great deposits by their parents.

As for it being a great investment and security - ask anyone who bought at the top of the market in 2007, how much they've yielded from their 'investment.'

It will also be interesting how much security, those with massive mortgages and negative equity have in their homes when interest rates rise.

but Lisad not everyone ends up in a nursing home, just as not everyone who rents has to move every six months.
At least I have a chance of being able to leave something to my ds, which I dearly want to be able to do.