to think taking about how much you've "made" from your property is vulgar and rude

[brt100]

Firstly you haven't made anything unless you move and secondly this money isn't magiced out of thin air - people below the chain have to pay for it by working longer,having 35 year mortgages and having less of a life while they pay it back.

Also its really inconsiderate braging in front of people that cant afford to buy!

I think it was ghandi that said there is no greater evil than money earnt without work

Rant over, just had a friend round and I'm still fuming. Its bad enough at dinners

Well I was having a similar conversation with friends a couple of days ago but hopefully slightly more acceptably along the lines of how is it possible to buy a house in N London now unless you're a stockbroker with a serious bonus or a oligarch.

We both used to live in London and moved out - since we sold the price has doubled. We're lucky because we do have a house, but its a complete disaster for housing policy.

What Worra said on P1

It sounds as if she thought she was having a conversation with a friend, but, because you are jealous, you've perceived it as bragging.

Of course we weren't there so don't know the tone of the conversation, the relationship you have, etc.,etc, so are just going on the information you've given.

Bonus points to springdrinks - brilliant use of the word 'oligarch'.

Most impressed, wish I had access to the "bows before you" emoticon!

!

Note to self: get house valued on Monday. Preferably by those black-hearted twisters at Foxtons. Then post it to piss off OP.

I don't like bragging about money. But if I had to listen to it, I'd rather hear it from someone who had wisely bought property with their own earned money, than boasting about how much they inherited from their dead family!

And whats this about not working/unearned income from property? I remember holding down a full time job and squeezing in tiling, painting, flooring, landscaping, stud walls, etc into what spare time I had. Hard, physical work, not negated by the fact I did it in my own home. Which I then sold. To get a deposit. To buy a bigger home.

Paying off a mortgage, + interest +insurance is not "doing nothing", it is decades of angst and commitment, hard work and poverty! We had no hot water for months, because the boiler broke and we couldn't afford to replace it, no one in rented accommodation expects to have to live with faults like that, then there was all the storm damage, + the health problems I have leaving me unsure about whether I can continue full time, which wouldn't be a worry if I were renting..... being a home owner is hard work!

the increase in value of my home ( such as it is) is a result of my dedication to providing a home for my DC, yes I'm proud of it, and the extra little bit of security it should give them in the future.

I recently considered moving, and had my home valued. Lots of friends have specifically asked me the outcome, the information is relevant to them too.

I think maybe a bit U, although I don't know how much your friend went on, and how little interest she paid to your side of the conversation.

I can't remember the poster on this threads name, but we rent and we have yo pay to replace and do a lot of the repairs yourself. Have you seen a lease in the year 2014. If renters feel resentful it's because we live in sub standard housing at extortionate prices, pay way and above in repairs/decoration than we should have to, are subjected to draconian checking whereby our cleaning is pulled into question and we have very little in the way of security. My letting agent took me off the joint lease for example because they felt as I no longer worked in paid employment I was no longer a priority if renters are resentful then yes, that's most probably why.

Bragging to your mates about anything financial when they are struggling IS vulgar.

Interest rates need to go up. I don't know why the fuck they haven't

We have lived without heating and hot water in rented. I really don't think some of you have a clue. It's a like it and lump it attitude.

Nothing will change.

Milton Keynes council were building affordable eco housing and had planned further developments, all the big building contractors have pulled put because they get far more money to build traditional style housing. Ludicrous and not the council's fault at all

Me, Owllady? I rented until about 2 weeks ago. Private landlords for about 14 years and we never lifted a finger for repairs. Yes, they were bit slow, and the place could always have been better kept, the boiler more efficient, etc, etc.

Not all landlords are created equal, it seems. But I was not incorrect in what I said, we just have had different experiences with good/bad landlords.

I've been very lucky with our house moves over the years & made quite a lot of money - but I'm one of the 'property rich cash poor' people. I'll never move again so I'll never see the benefit.

I don't understand anyone gloating about the value of their house; like others have said, unless you sell up & downsize then it's just a suggestion on paper.

I suppose that I am the only home-owner in country who would happily see value of my house fall or just stay static long term. It's not my dream house and the jump in value to my dream house is still stupidly huge. it might become manageable jump if the value of all houses fell sharply or at least my savings could catch up with house price inflation.

I don't think it's the landlord really, I think it's more the letting agent and yes, slow become a impossible if you have one toilet, 6 people and its been blocked more than a day. We apparently have an illegal sewerage system no one gives a monkeys. So we get shit deep outside ridding because we have no other choice :(

Congratulations on buying your own home though nomama and I mean that :)

Ridding should have said ridding the drains. We don't go outside and have our poos there. Maybe we should

Well, I've rented too, and always found that problems like hot water and sewage were always fixed within a matter of weeks, and I never had to do anything other than make a couple of phone calls to chase it up, on one occasion to the private housing officer. If you own your own home, these problems remain until you have saved up for months, then taken time off work to get it resolved your self.

Not that it is a particularly big deal, if there is a public toilet within walking distance, and we found we really didn't need heating or hot water. I'm just making the point that maintaining your own home is not " doing nothing"

reading that we were very lucky with the places we have rented. Even the bedsits I had as a teen were comfortable and clean.

I'll let you know if owning a whole house is better than renting one in about a year!

I have owned my own house too Fwiw, I have only rented for four years as we had to move for work. It's much easier owning your own home and of course that's objective too.

I can't wait one week for sewage to be sorted, I can't wait a day. I can't live without heating or hot water either as I have a child who is severely disabled living here.

I am a right proper moaned tonight, ignore me if necessary

Oh, moan on. If it only helps for a millisecond, it's worth it

I'm not saying I prefer to rent, I don't . I prefer to own. But it is a big sacrifice and commitment. It isn't "doing nothing!"

I agree with OP myself. Inconsiderate to boast in front of those who haven't had the opportunity to buy and make money (assuming this is what happened).

Yanbu I bought my flat for £45k, 18 years ago. It's now worth over £300k, but guess what? If I were to sell, I'd have to pay out my 'profit' to buy another home.

Also, 3 bed Victorian terraces around here would've been around £150k when I bought my flat, so around £100k more than my flat, now they are £600k at least, many are up to £800k. So my chance of being able to ever move to a house has gone down not up, due to the larger difference in prices now.

As far as I'm concerned, although the value of my flat has gone up hugely, I haven't really benefitted at all.