Cowart's Common Room
Renting - for WW and you all!

WW asked on my homework blog (where I live) if I feel vulnerable renting. Strange to be asked today cos I was only thinking about it today.

No, the owner (my husband's cousin) would not sell. This cottage, the farm and many many properties round about. large and small belong to this private estate on which we live, and no doubt the owner feels he holds it in trust for the next generation - and rightly so.

I don't feel personally vulnerable renting as I own a property that I rent out and if the worst came to the worst (divorce, or death of my husband) I have a place I could go to. Not that it compares to this by any manner or means but it would be a paid-for roof over my head.

Nothing in this world is secure and though it kind of goes againt the grain and the way I was brought up, Hub3 has always rented and I knew the score when I moved in.

I also don't feel vulnerable as hub3's mother (a widow) is very comfortably off indeed so I suppose he (and me) will have a share of her money in the end - sorry if that sounds mercenary, its not meant to. Just being realistic. I didnt marry him for anything he's got.

I have changed the way I feel about so many things since I was young.

Does anyone else rent their home - what do you think?

Mind you, if hub3 was to die I bet the agents would increase the rent, and anyway I couldnt afford to live here on my own - I doubt. Wouldnt want to anyway...... well I don't think I would.

Faith x

Posted at 3rd Apr 2008 - 09:53PM   Posted by Faith   Renting - for WW and you all! Comments: 9

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LittleBrownDog's Avatar Well, with our mortgage, we might as well be renting Sad . I don't think it should make you feel more vulnerable, especially in your position. And we can't spend all our time what-iffing - you need to live for the day, enjoy where you are. It does look a lovely place to be.

Posted by: LittleBrownDog on 3rd Apr 2008 at 10:27PM

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Withy Brook's Avatar You are not alone in renting. I have an ex nephew in law (!!!) who has both owned and rented. Currently he is renting, having sold a big house that he inherited. He knows he is reasonably secure there till the owner's son wants it a good while ahead, by which time he expects to want to down-size.
Renting does give you more flexibility and while rents go up, they are more steady than mortgages. People say you get nothing in the end for rent, but there is no certainty you will have anything with a mortgage these days!

Posted by: Withy Brook on 3rd Apr 2008 at 10:51PM

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Westerwitch's Avatar Oh thank you for such a full and frank answwr. I hope you didn't mind me asking.

We have estates here who own a lot of property and who rent it out long term and people live there for many many years - so not uncommon up here and fairly secure - but the home is never yours. But neither are all the problems of owning a property.

I was interested to read that Hub3 actually added to the house you live in - even though he will never own the property.

Posted by: Westerwitch on 3rd Apr 2008 at 11:48PM

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Frances's Avatar Well, over here in New York, if I were not a tenant somewhat protected by The Law, I would feel very vulnerable. It is really scary to live in a desirable location, knowing that there are many unknown, but much richer, folks who would love to see you move. And knowing that your landlord would also be quite content to make more money.

Posted by: Frances on 4th Apr 2008 at 12:39AM

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Faith's Avatar Yes Frances I can understand your position. I hope that the somewhat you say you are protected is enough!

WW, if I minded you asking I would not have replied! No worries there.

If I were younger, had children or wanted to have children, it would be different. Because I own the other house, and could get my tenants out after a period of time, and because my daughter owns a house I could beg a room off if needs be, and one of my sisters has a huge house.... I suppose it all adds up to me feeling secure.

I personally like the fact that I have something to leave my girls. My eldest has a father who has built a very good business and she would inherit some of his property one day - my youngest unfortunately has a father with pretty well nothing so I'm pleased that I have something to give. It's so hard for young people nowadays and seems especially so in this area.

As regards Hub3 adding to this place - yes, he did it to make the place bigger, more comfortable etc and he negotiates with the land agents and they keep the rent down until the improvement is 'paid off' as it were. We really do pay a pappercorn rent.

Posted by: Faith on 4th Apr 2008 at 08:10AM

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I'm sure I watched a programme years ago which said that owning your own home was a British obsession and that in a lot of other countries it wasn't such a big deal and most people rented.

Posted by: Fern on 4th Apr 2008 at 09:09AM

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Unpeuloufoque's Avatar French on whole do renting more than buying houses. It is the norm.When a french friend bought up some old abandoned adn derelict huoses in teh villag eot renovate the entire commune thought she had lost her marbles! Even the farms are rented. After all as Littlebrowndog points you don't really own your house if you have a mortgage do you, it belongs to some bank or building society and you pay them for the pleasure of living there.

Posted by: Unpeuloufoque on 4th Apr 2008 at 09:54AM

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SallysChateau's Avatar Wouldn't give it a second thought Faith, no need to do all the tiresome maintenance jobs is there ? if the roof blows off its not your problem, sounds terrific to me !! xx

Posted by: SallysChateau on 4th Apr 2008 at 09:56AM

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Milkmaid's Avatar We rent too, Our landlord is pretty good, we carry out our own improvements and decorating, but S has lived here for 34 years so it would be in a parlous state if not. it is a recent British obsession to buy, don't know that I would feel any more secure with a large mortgage looming over me
We do have one slight difficulty it is on the private forum if you wish to look

Posted by: Milkmaid on 4th Apr 2008 at 05:02PM

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