To panic about where I’ll end up in years to come..

[RSitf]

because I rent?
Because of my job (wfh) there are lots of criteria that need to be met. The house I’m in I love..it’s perfect..if I could buy it tomorrow I would..sadly I can’t afford a garden shed in todays climate!
But I’m conscious that prices are crazy..my LL is elderly and i worry so much about how I will cope. I live on my own.

Does this worry anyone else?!

Wfh job - can you move to a cheaper area and buy? A one bed flat somewhere?

@User112 without outing myself my job requires a certain property. Sadly I live in an area where it’s even out of my price range to buy a 1 bed. I have no other career to fall back on (as most don’t!) it just scares me

Surely the perk of wfh permanently is that you actually aren’t tied to an area and could move to a cheaper one?

@luxxlisbon i can’t..that’s my point! There is no solution really to this..hence my post..I’m just venting I guess at how I feel worried for the future

So you can’t meet the criteria outside of the area you live in? If you genuinely can’t move then I guess I wouldn’t worry about it too much, what will be will be

Well if it’s a working from home job - unless the tie is to the actually geographical location it really is hard to understand why it can’t be done somewhere else!

im intrigued to be honest! I can’t think of a so for work from
home job that is tied to a geographical location? What on earth is it?

Are you able to save so that you will be able to move to a cheaper area when you're older?
Even a mobile home?

Childminder maybe?

sorry op, the housing situation is rubbish.

Pub landlord? Lighthouse keeper?

Oh yes child minder - hasn’t thought of that! Is that it op?

if it is you really could move and start up somewhere else!

bell ringer?

Park ranger?

Could you buy a small place in a cheaper area and rent it out so you would have somewhere to live one day.Can you get a mortgage?

Vicar?

How much does a lighthouse cost these days?

Haha I can see this turning into a guessing thread! @Donotgogentle was correct.
so I have a great reputation, have never struggled for work due to this thankfully but yes it limits hugely.
id have to move a considerable way away from where I live leaving behind family, friends etc..it’s horrible.

I mean there are many options available to you, you could switch to a formal childcare setting - some childminders operate out of a church hall or something rather than their home, become a nanny for one family rather than a childminder and operate out of the family home, move further away to a cheaper area - references will carry through to another area and childcare is a commodity in every area of the country. You are choosing to work in a way that means you need a larger home than you can afford to purchase, but you are choosing that.

Yes I agree that you are making a choice - which is a very understandable one. But nonetheless it will have long term implications.

whst is your pension saving strategy?

There are lots and lots of financial videos on youtube which show that investing in isas and pensions whilst renting can be as profitable as buying your own home in the long term. Go take a look for them.

@luxxlisbon & @Perple I disagree. It’s my job! I don’t want to work in a nursery..if I did I’d have never started childminding.
same goes for being a nanny (of which there isn’t really any call for where I live)
Life sadly has changed and not only for me but so many other people life is expensive.
Renting a smaller property is almost the same as what I pay now with the price hikes..I worry I’ll only be able to afford a 1 bed of which I can’t work from.
Im not trying to be difficult, or moaning in any way about my job or house as I love them both but the thought of moving away from my life is scary?!

Also sorry didn’t answer re pension..the answers none. Never any spare money really to put away. @DenholmElliot1 I’ll have a look thanks

My grandmother (80) has just had to move out of a house she rented for 20 years as the landlord wanted to sell. She’s found it incredibly stressful & it’s badly affected her health.

She was in a position years ago (in her 40s) to be able to afford a one bedroom flat. If she’d gone for it she would have ended up with the security of her own home & choices rather than having to take the first available social housing property.

If you are worried about ending up in a similar situation and you can afford to buy, even if it has to be in a different area, it’s worth seriously considering.

I voted that YABU. I rent myself, and occasionally worry (mildly) about where I will end up, so I get that. However, my vote was based on the fact that millions of people will never be able to afford to buy a home of their own, and they certainly won't all end up on the streets! By the way, I'm in my sixties, no children, no partner, no siblings - so very little in the way of support.

YANBU

This worries me alot.

You’re always at risk of getting kicked out and I’d hate to have to worry about that in my old age like a PPs family member.

Wel yes it’s your job - but it is entirely possible for you to do child minding somewhere else. I understand entirely why you don’t move it - but I don’t think you’re being helpful to yourself telling g yourself you couldn’t do it else - of course you could!

But I totally get why you would now want do this and indeed be scared of it.

if you knew that if you moved you could - with a lot of effort - set up your business somewhere else in a home you Owned would thst way the way you think about it?

if you don’t buy somewhere then yes you totally need to educate about pensions.

I get the sense you feel you have no control or power and ther is nothing you can. Loads you can do to protect your future!