Long term Renting? What do you intend to do in the future?

[Mrspitt3]

I'm horrified at some of my friends that have been renting for 20+ years and are in their 40s, and most don't Paul into a pension. I'm mid 40s and got on the property ladder when I was 20 and had a partner (I know prices have changed and I was working didn't have uni fees etc, but had no help from parents). I'm curious to know how long term renters intend to keep a roof over their head when they can no longer work due to age??

When landlord sells a property it doesn't cease to be a home....it doesn't vanish in a puff of smoke
What is does cease to be is a conduit...siphoning the wages of working people off into the pockets of property speculators

Fewer rental properties also means fewer renters
Because some renters want to be owner occupiers they'll be able to do that when the landlord sell off some of their portfolio

Why the sarky comments instead of a grown-up discussion?

There is plenty of properties to buy around the country- some extra investment properties getting sold off will be a drop in the ocean. If prices were to drop significantly, it’d be very difficult to get a mortgage as banks aren’t in the business of losing money. FTB with small deposits wouldn’t have a chance.

Also, people who invest in properties do so because there is demand for them. So LL will only buy a property if they know there’s a lot of demand in the area and renters looking for homes.

When do you sell up? 60? 70? Say you sell up and get £250k equity. How long does that keep you going? 20 years maybe? You could easily live for 40 years. And there could well be 2 of you. I think people see houses worth £500k and think it's untold riches. In reality it's not much to buy a smaller house and fund your non working life in its entirety

This is all true. But it's surely still better than retiring at 75 with nothing in the bank at all? Only the seriously lucky live to be 100 anyway

Absolutely increasingly I completely agree. It's just, why hasn't OP
Worried about that rather than thinking about how renters will cope?