Punting as your vice

[horsa]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

[horsa]

I also think that many other people around my age have no chance of getting a mortgage and will still be renting for a long time. Do I forget about a mortgage and punt with no regrets?! Only young once right?

[Bobbyplastic]

Mortage! Girls are cheap compared to houses.

[satyromaniac]

If you can afford to save every month towards a mortgage and you have decent credit rating then you should definitely be doing that. You can still punt, just budget yourself.
You will regret it later on in life if you don’t. Up to you though really, but do you really want to be paying someone else’s mortgage for the rest of your life?

[JamesKW]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

Either way you are tied down,unless you live with your parents for the rest of your life.Rents will always be the same proportion of your income, at least a mortgage maybe worn away by inflation.

[JamesKW]

Maybe get a civvie,then you can save punting costs for a while and you have someone to share the costs with.

[NelsonH]

In Britain anybody who does not OWN their property has the status of a slave.  Other people tell you what to do all the time.

Only when you have paid off your mortgage and own it outright can you have the freedom to tell employers, the state and anybody else who'd like to oppress you, to fuck-off.

Rent money is just wasting your freedom.  Sounds like it may already be too late for you.

[standardpostage]

Buy a house, and have a lodger or two, to help pay the mortgage.
No tax required on the first £7,500 rent.

[JamesKW]

Sounds like it may already be too late for you.

30 is not too late,I started mine at 26 (People are meant to live longer nowdays and retire later).Then you have to start another mortgage when you move house.Inflation is always a good thing when you own a house, as the mortgage can be wittled down to nothing over time.

[JamesKW]

I would adopt a bit of a wait and see at the moment, as Brexit could significantly reduce the value of property in London,so you don't want to buy at the top end of the market.

[king tarzan]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

Would you like to live on rent all your life?
At the end of the tenure not even the sink tap is yours.
At least with a property on mortgage ( polite word for huge debt)
Something is yours to your name..
1st enjoyment in life is to set yourself up and everything else is secondary enjoyment..
Property security is extremely important in this day and age.

[Jeremy]

If you don't party, drink alcohol or smoke then surely you have the means to both punt AND save for a mortgage? Of course as satyromaniac says you will have to budget a bit, maybe accept you can't punt as much as you'd like but that doesn't mean it has to be cut out completely.
Long-term it'll be worth it.

[Jayf]

Hardest part to a mortgage is getting a deposit. Even then mortgage payments are cheaper than rent most of the time plus it's yours. If you keep it for a while you will make a profit too. Cheaper mortgage payments equals more punting. Just saving a deposit will be the hardest. I'm under 30 and buying my house was the best thing I ever done.

[Hurley]

I wish I was 30 again

[MrArmagh]

I'm mid/ late 30's both me and my wife have pretty decent jobs and yet I've no real hope of getting a mortgage.  we are renting and saving up/ for either our kid or just to live a good life style when where older.

don't get me wrong I do like the odd punt maybe once a year or so as my wife not totally gone off the idea of sex. and she has her things she spends money on as well so its not like where trying to save that hard.

my advice to you any way. if you can't live with your parents and have an independent lifestyle, rent a room or small flat and enjoy life. be independent and go and enjoy your free time/ life. do try and save a bit. not for a deposit, but for a car, punting, tv's or what ever else you enjoy and of course for that rainy day.

I'm personally not to worried about a mortgage as the way things are going young ones haven't a chance, people buy up most of the houses around by me to rent out, I think most of my friends are renting or have given up trying to buy as they always get out bid by investors.

[JamesKW]

I also think that many other people around my age have no chance of getting a mortgage and will still be renting for a long time. Do I forget about a mortgage and punt with no regrets?! Only young once right?

Yes,you will get more punting when you are young,but also when you are young you are more likely to get free sex from a civvie,it doesn't get any easier as you get older.When you are older you will get less punts as you will be paying the same proportion of your income on renting and those that bought houses will have mortgages which have been reduced a lot by inflation, or they can cash in their house,so they will have more money for punting when you require it more.

[BarryProudfoot]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

You've already made some head strong life decisions (no smoking etc) You will always need a roof over your head, even to punt and recharge ready for the next

[Malvolio]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

If you can afford to buy a place, do so.  Take a look at the mortgage repayment cost and see how that compares to your rent.  As someone else said, you can always get a lodger in if things are tight financially.

[TailSeeker]

Im single, my age is below 30, I'm not into partying, don't like drinking alcohol and don't do drugs or smoke.
A thread made recently had me thinking about mortgages and to start thinking about buying a property..I really don't want to be tied down with a mortgage for 30+ years, what would you do in my situation? I suppose I'm looking for some reassurance on this situation that I'm in. I hope to punt much much more often this year

Get a mortgage, even if you up sticks and move (plenty of people do before they've paid off a mortgage), mortgages always work out cheaper than renting. Renting is the black hole of throwing money at a property (well above the mortgage cost) with nothing to show for it at the end of it. ... And now mortgage doesn't look like a real word after typing it that much.

[workinallweek]

 If you get a mortgage its possible to get a 'deal' on a fixed rate over a period of up to 5 years so you will know what you will be paying for that period , but if you rent you could be facing an increase every 6 months .

 Try to buy even if you rent it out (with the appropriate mortgage) as property normally goes up in value at a better % than any savings plans in the Essex area in the last 5 years property has increased by approx 50%

[Titti Tatti]

Everyone knows the start of the old maxim

"If it flies, floats or fucks, rent it......"

Fewer seem to know the next bit

"So unless you want to live in a plane, boat or brothel; get a mortgage."

[superchamp]

I was 31 when I bought my first house on a 25 year mortgage. The first 10 or so years were fucking hard but as my wages increased I found that the mortgage payments were less of a drain on my income. A disaster of a 15 year relationship was actually more of a drain. I finally paid off the mortgage 4 years ago and I remember it being the best feeling ever (well almost). I'm single now, with no kids to inherit the house, so eventually I'll be looking at getting something back out of the house with a reverse equity mortgage - something I couldn't have done if I was renting.

[HarryZZ]

As somebody who has also paid of his mortgage, I wouldn't have had it any other way if I had my time again, a mortgage is little or no more than rent, cheaper in some areas of the country, get a house, get a lodger and you'll be better off, if you can punt now you'll still be able to afford it, particularly in a few years when your wages will have increased.

[Plan R]

Young, without property, but feeling the (expensive) urges to buy property and to fuck pussy. Hmmm...

How about get on the ladder by buying a small, affordable 2 bed flat, out of town - so it's cheaper.
Rent 1 bedroom out to a succession of working girls.
That way your on the ladder, getting a chunk of the mortgage paid most months, and your balls deep in
the punting world.
Might get some free cunt now and then too 

[Hobbit]

In Britain anybody who does not OWN their property has the status of a slave.  Other people tell you what to do all the time.

Only when you have paid off your mortgage and own it outright can you have the freedom to tell employers, the state and anybody else who'd like to oppress you, to fuck-off.

Rent money is just wasting your freedom.  Sounds like it may already be too late for you.

I slightly disagree with that. I don't believe renting has any effect on your freedom. Take Germany for instance. People there are not under this pressure of buying property, most people rent and are happy to rent for many, many years without any issues. Obviously, someone is buying property but they are buying to rent out as the demand is so high.

Also, the advantage of renting it that you don't have to worry about looking after the infrastructure of the property and if you're lucky you can sometimes get a deal with bills being inclusive such as heating. The other advantage is also, is that you can move around quite freely from one location to another without having to worry about property that you own. Bearing in mind that property prices do fluctuate which can also create stress depending on how much you bought it for.

My advice would always be to save up and is something that I should also be doing. However, for the past 20 years, I have lived for today as tomorrow has never been a friend of mine. 

[superchamp]

I slightly disagree with that. I don't believe renting has any effect on your freedom. Take Germany for instance. People there are not under this pressure of buying property, most people rent and are happy to rent for many, many years without any issues. Obviously, someone is buying property but they are buying to rent out as the demand is so high.

Also, the advantage of renting it that you don't have to worry about looking after the infrastructure of the property and if you're lucky you can sometimes get a deal with bills being inclusive such as heating. The other advantage is also, is that you can move around quite freely from one location to another without having to worry about property that you own. Bearing in mind that property prices do fluctuate which can also create stress depending on how much you bought it for.

My advice would always be to save up and is something that I should also be doing. However, for the past 20 years, I have lived for today as tomorrow has never been a friend of mine. 

Just my opinion but I believe that in the UK many people regard landlords as being similar to prossies i.e. there's good ones and there's bad ones. From what I've read the laws in the UK still tend to favour the landlord, where as in Germany I believe it's the opposite.

[Hobbit]

Just my opinion but I believe that in the UK many people regard landlords as being similar to prossies i.e. there's good ones and there's bad ones. From what I've read the laws in the UK still tend to favour the landlord, where as in Germany I believe it's the opposite.

I think that is more a prehistoric thing to do with the monarchy and the lack of democratic rights to people. I think in Germany they have a bit more democracy or a more stable way of living. I can't really say for sure but Germans always seem to be more economical.

[JamesKW]

I slightly disagree with that. I don't believe renting has any effect on your freedom. Take Germany for instance. People there are not under this pressure of buying property, most people rent and are happy to rent for many, many years without any issues. Obviously, someone is buying property but they are buying to rent out as the demand is so high.

Also, the advantage of renting it that you don't have to worry about looking after the infrastructure of the property and if you're lucky you can sometimes get a deal with bills being inclusive such as heating. The other advantage is also, is that you can move around quite freely from one location to another without having to worry about property that you own. Bearing in mind that property prices do fluctuate which can also create stress depending on how much you bought it for.

My advice would always be to save up and is something that I should also be doing. However, for the past 20 years, I have lived for today as tomorrow has never been a friend of mine. 

Yes as you have alluded you can rent,but it is always the same proportion of your income.This is fine when you are working but one day you will have to retire, so the income will dry up, but the rent will still be there and ever increasing.So you have to discipline yourself to save whilst you are renting for the inevitable rainy day.Also a house is a good hedge against inflation,so whilst inflation increases your mortgage decreases.