I'm sorry it has been so hard for you Quint. I have always looked after my home, I dont understand why some people are so selfish.
I think we can all agree that the downturn in the property market, or probably the massive inflation in property prices that preceeded it haven't been great for most people. We were stuck for years in a one-bed flat we thought would be a canny investment, we were lucky to get back what we paid for it and we had to step off the property ladder.
I would dispute that renting is cushy - you have the security of knowing your house is your own - you are building up equity and one day with the help of your tennants, you will in the future see a good return on your house. I may be forever paying rent. My retirement prospects are poor. Thanks to the wonder that is a short term tenancy agreement I will only ever have 6 months security in a home - I'm terrified that we will have to move out of the area where we live now, which we love, at the whim of my landlord.
The idea that saving money at bank, to get a good return - LOL - I would have to save up my entire years gross salary to get a deposit for a family home around here - and by the time I'd done that no doubt house prices would have risen again - it just isn't going to happen.
I am waiting for one of the following - a) a council house, b) an inheritance, c) a lottery win or d) return of key worker assistance in buying houses. I think I have at least a 5-10 years of private renting ahead of me - I might have to do this forever.
bekspolo I haven't yet signed the tenancy - I've been fleeced by the agents put down a significant holding deposit.