Do (or Did!) you feel pressured to buy a home?

JesseEverAfter

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I was very happy renting until the landlord decided to sell the flat (all went through a rental company who handled all the repairs - maybe not in a timely manner but eventually) and the price was right. Unfortunately there was nothing else available where I needed to be so...

...I moved back in with my parents and have been saving ever since (well, I say ever since - I've saved my entire life and had some form of account since before my 1st birthday (building society account opened in my name) but the experience of knowing someone you have no control over can boot you out with 2 months notice gives me too much anxiety.

I don't feel pressurised to own somewhere but I want to own somewhere so my ability to stay isn't controlled by something I have no control over.
 

JanLewisfD

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Saw this old thread and it made me smile. I think right now is the time to buy real estate. Well, maybe not RIGHT now. Maybe a few months later. The prices are getting lower because of the crisis. And when they will be low enough, I will buy a new house. Not so long I've sold a house in Manchester, UK and now I have enough money for buying a new one. I've sold it to this https://www.thepropertybuyingcompany.co.uk company. Surprisingly, they gave me good money for my old house. Now I will wait.
 
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Soozehound

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This!
My whole family have their own houses, me and my other half were living in a flat trying to "save" but a string of redundancies and the fact there always seems to be SOMETHING else has always got in the way.
We've been together 7 years and we stuck in that tiny horrible flat because of the "saving to buy" pretense. Lucky that family has offered to help but it'll always cost more than you think, and that's nothing without job security!

Finally we've moved to a rented 2 1/2 bed house and we're already millions happier.

Family feign happiness, but tell us we should have bought. I say if you'll cover all expenses we can't and foot the mortgage if we lose our jobs, great idea.

One day we will own, but only when we're secure enough. but for now, if anything goes wrong with it, the roof collapses or the pipes burst.. Its not out of our pocket and that's okay too!
 
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MIch21

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My mum always pressured me to buy a house.. you need a house for security etc. I moved abroad for four years and if It wasn't for that I would have never been able to save for a house. None of my friends were able to buy their own house - they had family to help them do it, pay for deposit etc. My mum just did not understand how difficult it is to save for a house. I would never expect my family either to help out with deposits etc.

Im glad I have got my own house now - the constant nagging to landlords to fix stuff just got on my nerves. Ive also got a small range of pets now which would be difficult to have in a rented house.
 

AWW

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My landlady just announce she wants to sell the house we live in so yes.. A little pressured I also detest my estate agent so that probably has something to do with it.

Was having a conversation with my mother about not being able to get a 5% mortgage and she said 'oh yes I rememeber being so nervous about trying to get a £17,000 mortgage' me =

I also miss living in Yorkshire, Salisbury is technically on the commuter route for London... And also has all these very picturesque English countryside villages so nowheres cheap
 

richardsmith911

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The question one should ask themselves is, why are you buying? Let's face it, it's been instilled in society to buy because of the following below:
  1. Safest investment - eventually the value will increase over time
  2. Something to leave for the kids - when we go we know they are secured
This is the reality and for the average person, it takes them almost their whole working life to buy a house via a mortgage. I question, is this really living life? Being stuck in a job you may not like anymore but too afraid to change because you need to pay off your mortgage.

There are pros and cons to everything it's all about how you perceive it but for me ensure, you can lead a comfortable life whilst whatever you do.
 

Danilene

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It's something I've always wanted to do (been renting for over 25 years now) but have never been able to afford.
Many years ago I rented a flat through a letting agency, the letting agents were having one inspection after another and there were countless issues with the plumbing, the electricity etc. I moved there in December (after SIX appointments with the agency! The issues were that I was still in the middle of a 6-month trial period at work, I couldn't give them a reference from my previous landlords as the whole building had been repossessed - they failed to pay their mortgage - and I wouldn't give them the contact details of my family of origin) and by July I had used my entire holiday allowance for the year! I even had inspections for which they didn't show up, and inspections of which I was notified after the fact (letter sent second class, 2 days before the inspection, so I got the letter the day after it had taken place).
One year after I had moved in, I had yet another inspection, and they announced that the landlady wanted to sell the flat and she thought I would like to buy it. I told them I didn't have a deposit, they suggested I borrow money from my family, from my employers... and when I told them it was not possible (I did ask my employers, and the bank, and a mortgage broker) and I would not be able to get a mortgage, they gave me notice.
The worst thing is that the landlady wanted £150K for the flat, which was worth £90K at best (I did have a property surveyor look around and do a valuation). She told me the price was not negotiable as the flat had a sentimental value for her!
 
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melx

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I must be one of those rare people who don't mind renting. However, my current rental is a private let rather than through an agency as I had too many issues with them in the past and I'd only ever choose private in the future. My landlord is pretty brand new and knows I keep the flat tidy so he hardly ever comes to do checks. (I've been here 6 years and he's only checked the place twice. Any other times he's been here, it's to check or fix issues I've brought up.) Yes I do pay more for rent than I would a mortgage, but I like the fact I don't have to pay to fix anything. Since I've moved in, he's replaced the whole bathroom, the washing machine and the fridge/freezer. He's also fine with me having my cat. I get itchy feet quite a lot and don't like being tied down, so for example, if a rubbish neighbour moved in next door, I can easily just give my notice and move on, whereas my neighbours who have bought their flats are stuck with them. (This has happened a few times.) The roof of this block was also leaking recently am I'm sure it cost all the landlords/owners around 2k each to get sorted. I might settle and buy one day, but it would have to be a detached house.
 
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mum2one

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Or did you feel pressured in the past if you already did buy one?

I know I sure did!

Looking back I was getting very envious of friends that were able to put shelves or sky dish up without written permission. Or those that when something went wrong with the house didn't have to put up with a plumber coming round doing the cheapest fix possible to save the landlord money! Or my MAJOR pet hate were the 6 monthly inspections!

All of this sort of came to a head and then the housing market bottomed out during the recession and because of all these feelings we bought a house!

Looking back I do wonder if I would have done that had I not been feeling this way as there sure does seem to be quite a lot of pressure to buy a house or be seen as some kind of, well not failure but as if I was missing out on a major milestone part of my life by not having one!!

I listen to people at work who don't own a house and they are saying the exact same things I was saying 10 years ago! lol

Anyone else experience this or is it just me that's obviously crazy!
I had no pressure to buy, but the cost of renting was just going up and up, x
 

simpy3

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I feel some pressure to be able to buy my home. Growing up in a council house, I don't a home that's beholden to someone else, something that they can take if my financial position goes south.

With ownership, at least I'd have a home no matter what.
 
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