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Rented or bought home

Do you rent or live in a bought home?

  • Total voters
    6
I lived in a rented home and at the moment pay £595 a month for the house I live in which is a four bedroom house.

House prices are quite high at the moment so I wouldn't see myself buying any time soon.
 
Shortie said:
I lived in a rented home and at the moment pay £595 a month for the house I live in which is a four bedroom house.

House prices are quite high at the moment so I wouldn't see myself buying any time soon.
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That's cheap, houses for rent in my area are around £800+ a month for a 2 bedroom.
 
I own my 4-bedroom home. A four-bedroom home rents for 2 or 3 thousand dollars per month here. I'm glad we built when we did. It would cost $300,000 to build now. Even an old mobile home rents for $600 up.
 
I own. It's not grand, just a small one story but all that I need. Prices are up a lot here too and there aren't enough rentals, although that is improving since the pandemic.
 
Sheryl said:
I own my 4-bedroom home. A four-bedroom home rents for 2 or 3 thousand dollars per month here. I'm glad we built when we did. It would cost $300,000 to build now. Even an old mobile home rents for $600 up.
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It's really expensive. Prices of homes in UK and rocketed since covid.
 
We own our home.

Rent is incredibly high, I think. There are some duplexes that are 1000 square feet that cost 1,500 a month; unfurnished. House rentals are extremely high, depending on the size and how old or new the house is. Most rental properties require you to pay a deposit, first and last month’s rent before moving in, and have a credit check. Most rental properties do not allow pets. The ones that do allow pets, you may have to pay more in rent and give a bigger deposit.
 
We own our home free and clear. No mortgage, and that is a big relief. No car payments and few taxes since we live in a nearly tax-free state. All taxes are local here on individuals, although businesses do pay some taxes. Energy and resource development pays most of our bills.
 
Don Alaska said:
We own our home free and clear. No mortgage, and that is a big relief. No car payments and few taxes since we live in a nearly tax-free state. All taxes are local here on individuals, although businesses do pay some taxes. Energy and resource development pays most of our bills.
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Nice, wish England was a tax free country. :D
 
Rented. Can't afford to be otherwise. I wish I could afford to buy.
 
Home/house? How about an apartment? A house we were buying in Parker, CO was way, way too big for us and on a 1/4 acre lot. Before the house, we were renting a 1-bedroom apartment. The house was an upstairs/downstairs, with three bedrooms upstairs, including the Master Bedroom and a Den and full bathroom. In four years of living in it, we never once used the two small bedrooms. In fact, we only used the Den twice and it had a fireplace in it. Had a nice dining room that we only used once for a Christmas Party. We had to buy a new microwave for the kitchen and had the Water Heater replaced in the basement. After we decided to leave Colorado, we sold the house. Didn't get much for it. Ever since then, we've rented apartments.

To buy a house, it definitely takes money as well as for the upkeep of it. When renting an apartment, anything breaks down in the apartment, the complex either fixes it or replaces it. However, the downside of renting an apartment can be noise from neighbors, but the upside is, when renting, a person can move at the end of their lease. They don't have to sell the house or rent it out to possibly the wrong people.
 
Smithy said:
That's cheap, houses for rent in my area are around £800+ a month for a 2 bedroom.
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It is, it was at £550 when I first moved in but when the cost of living hit, they increased it to £595. I am lucky to have a landlord who can offer that price as I have heard some people where I live, their prices have increased by about £100 per month.
 
Shortie said:
It is, it was at £550 when I first moved in but when the cost of living hit, they increased it to £595. I am lucky to have a landlord who can offer that price as I have heard some people where I live, their prices have increased by about £100 per month.
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That is great you have a good Landlord. A lot of the time, "good" landlords will not raise rent, or not too much anyway, to keep good reliable renters that pay on time and not cause trouble.
 
We used to rent a house prior to renting a town home. Our old house was $3600 a month, but our town home is just as big as our old house. It’s $2200 a month.

the electricity is also a lot cheaper. It’s a 4 bedroom and 3 bathrooms townhome.
 
My husband and I are quite frugal as were our parents. We own our home and farm outright and rent the farmhouse out to pay the taxes. My daughter, the renter (with two roommates) is quite frugal and could probably buy a house if she wanted.
Inflation shows me that a house is worth a house. The dollar is worth nothing or the confidence of the user. I would rather have a house over the money. But things are going to get wild, I think, as far as economies go.
 
When we lived in Eureka, our house was a two bedroom 660 sq. ft. duplex that was $850 a month. We also had a 250 sq. ft. storage unit that was $250 a month, for a combined total of $1,100 for 910 sq. ft. Since moving to Edison, we live in a three bedroom, 1,300 sq. ft. apartment that costs $1,280 a month. We use the 3rd bedroom and half of the living room for storage.

As a former working musician, I always think in terms of daily rent as well as monthly. So $1,280 divided by an average of 30 days a month is $42.66. We couldn't get a closet at a decent hotel for that.

Due to the excessive heat in the summer, we have to have AC, but fortunately all we have to pay for is the fan to circulate the air. The cost of the AC unit on the roof is included in the rent. Our highest PG&E bill was $155, and that was during a month of 110° days. We didn't have AC in Eureka and our bill was over $250 a month...
 
Axel Slingerland said:
When we lived in Eureka, our house was a two bedroom 660 sq. ft. duplex that was $850 a month. We also had a 250 sq. ft. storage unit that was $250 a month, for a combined total of $1,100 for 910 sq. ft. Since moving to Edison, we live in a three bedroom, 1,300 sq. ft. apartment that costs $1,280 a month. We use the 3rd bedroom and half of the living room for storage.

As a former working musician, I always think in terms of daily rent as well as monthly. So $1,280 divided by an average of 30 days a month is $42.66. We couldn't get a closet at a decent hotel for that.

Due to the excessive heat in the summer, we have to have AC, but fortunately all we have to pay for is the fan to circulate the air. The cost of the AC unit on the roof is included in the rent. Our highest PG&E bill was $155, and that was during a month of 110° days. We didn't have AC in Eureka and our bill was over $250 a month...
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I love to finish basements. I think I must have been a bear in another life because I could live down there easily. I built fake windows by framing and then putting in murals and lights so it would seem more like a house down there. And it is almost too cold in the summer. But hubby does not want to live in a basement so our electric is around $120 a month. Outside temps don't go over 90 in the hottest times.
 
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