How important to you is it to own a house?

[JessyG]

^can i ask what happens if you dont have a property to sell to pay for your care home?

 

[Tasha]

Then you get it free, except your state pension gets reduced. I think DH Nan was getting £10 either every week or every other.

 

[JessyG]

Man thats shit but i guess it makes sense.

 

[Tasha]

She's was lucky because she had other income and family too but I don't like the thought of any elderly person having to save up weeks for a new top or whatever.

 

[Midnight_Fairy]

Yes its scary isnt it. I font hold much hope for societys future, I very much life for the now.

 

[catty]

£10 is awful, i know they maybe cant go out too often but not the point!!

 

[tinkerbelle93]

We were in a position where we both lived with my parents and had the opportunity to stay and save if we wanted to so we did.

We weren't keen on private renting purely because it's so pricey where we are. We decided to go on the housing list for social housing and simultaneously save up as much as we could to see if we'd have the option of buying too. We've ended up in a 50% shared ownership that we'll be able to buy into and realistically fully own. But the main incentive is that it's so much cheaper per month than privately rented 3 bed houses round here. I've not really thought about long term benefits to buying X

 

[Scout]

I suppose it's different every where. I only have one friend who rents; the rest of my friends own. It just seems that's what you do once you get married or have a child.(where I live and how I grew up) I do think renting has it's advantages....someone else having to pay for upkeep is a huge advantage. But with owning, at least at some point it'll be paid off and you can save that money. That was a huge incentive. Since my house is paid off, I put the amount I would pay towards the mortgage into a savings account and I don't even miss it.

 

[vaniilla]

Buying is a big priority for us and due to several reasons has been pushed back a few times over the years, thankfully we're in a position to buy after Christmas and it can't come sooner. Where we live rental properties are thin on the ground and if our landlord decided to sell (which he's hinted a few times) then we would be stuffed as we can't afford anything else here, If you look online now you would find no houses for our rental budget, our house desperately needs works which is why next door pay nearly £400 more. Our mortgage would be less then what's available for rent so for us it's affordability, security and being able to do what we want to the house without worrying about landlords and estate agents.

 

[dani_tinks]

We own. I moved in with my husband and he already had a mortgage so it's all i've known. I don't think i'd like the uncertainty with renting, but I can see how sometimes it's the only way. It's really hard getting onto the housing market these days I think only one of my friends owns, the rest rent.

 

[Midnight_Fairy]

I treat the uncertainty as a new start challenge. I lived here 4 yrs and landlords have no plans to move. In my new place the previous tennants were there 16yrs and landlord hopefully want us there long term too x

 

[Pearls18]

I've been living the uncertainty challenge for the last 7 years with my husband's job so I'm done with that lol, we've moved 6 times in the last 5 years, definitely ready to settle down and feel safe. Never had that "my home" feeling (not because we rent, but because we know we will be moved on shortly in the housing we are in currently).

 

[Midnight_Fairy]

I am going to relocate, but I dont want to buy incase I move back on a whim! Then well see. My boyfriend has savings account Isa for a house that he started at 18 for a house so well see x

 

[zorak]

With regards to leaving inheritence, my OHs mum died and left them all nothing, thats not ok with me but everyone is different.

I find this comment really strange. How can you not be Ok with someone not leaving an inheritance? It's their money to do with as they wish. I would rather my parents enjoyed their life's work than worry about what they were leaving my five siblings and I.

 

[JessyG]

That fair enough.

As I said I AM NOT OK to leave my husband and teenage kids (as in the case of my OH) nothing to support them should i die. I pay out of my salary each month to increase my life insurance to 10 x my salary. i also pay every month for my OHs life insurance. We also have insurance through our mortgage. Its hard enough to deal with the death of a loved one but to then leave them struggle financially doesnt sit well with me. As i say its only my opinion but my mum had to pay out of her own pocket for her dads funeral and it left her without much in her savings account.

 

[Midnight_Fairy]

I don't expect any inheritance. I told my Dad to use my wedding savings and any potential inheritance on a massive around the world holiday for themselves!

 

[Pearls18]

It's very different leaving a young family vs inheritance to grown children, my life insurance is £350,000, that would pay the mortgage and leave my husband money to raise the kids, he would need that money. But they won't need that as adults, my life cover is until they are 21. If I die after that husband gets the house, when we both go it'll depend how far into retirement we have got as to what is left to leave.

 

[smileyfaces]

I have life insurance but it isn't a great deal. It would be enough for my husband to pay off all my debts (plenty of them) and have some left over to maybe pay a deposit on a house.

I don't expect an inheritance from anyone.

 

[dani_tinks]

My husband has life insurance, incase anything happens to him; we'll be able to pay off the mortgage and debts and be able to survive financially. I wouldn't expect any inheritance from my parents though. My grandparents have been told to spend their money and they have been, on cruises .

 

[kmbabycrazy]

It's important to me. Me and hubby are currently working hard to try and save enough to buy our own home. I hate renting. Whilst I enjoy the security of having somebody else fix things that go wrong, it doesn't mean that you're not going to get stuck with the bill anyway, which has happened to us and the people in the flat downstairs when it comes to things like drain blockages. But I can't wait to decorate our house, own a pet, hang pictures etc without having to ask permission to do so. I like the security of not having someone kick us out if they decide they want to sell the property which has happened to several people I know.