tag:blogger.com,1999:blog-6404321426535348396.post4584687309827195795..comments2023-03-21T05:59:44.063-07:00Comments on Rachel about town: Throw your money down the drainRachelhttp://www.blogger.com/profile/16131146409626622016noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6404321426535348396.post-74898345817140532782011-02-02T05:56:11.867-08:002011-02-02T05:56:11.867-08:00Very nicely argued Rach! And a good outline of the...Very nicely argued Rach! And a good outline of the home-ownership issue.<br /><br />It has seemed to me for a while that the obsession with home-ownership in this country is at least partly irrational, and just accepted as "what one does". While it is a logical step for many, I'm not convinced it is for all, and perhaps there are people who would do well to view it as a decision to be made, rather than a goal to be reached.<br /><br />I would also reiterate the view I shared with you the other week (which you hotly contested I might add - would be interested to know if you've changed views?) - that actually the main beneficiaries of someone owning their own home (other than the bank!) are the homeowner's inheritees, rather than the homeowner themselves. A house owned is to a large extent "sunk" wealth. An investment no doubt, but not necessarily the best one.<br /><br />In my view, the best reason for owning your own house is acutally one that no-one ever mentions - bluntly, it gives you more choice, simply because there are far more houses available to buy than to rent.Simon Mnoreply@blogger.comtag:blogger.com,1999:blog-6404321426535348396.post-3044451788331297422011-02-02T00:47:49.120-08:002011-02-02T00:47:49.120-08:00I know the feeling and understand your pain! I get...I know the feeling and understand your pain! I get more than slightly irritated when people tell me that I am wasting my money. I do need a roof over my head, and cant afford my own one, because of the financial mess that the older (and now preaching) generation got us all into when they started borrowing more than they could afford for cheap-flight holidays... I would still like my own front door though (and my own walls, roof, windows and floors, if that's not too much to ask for!). On the upside, at least we don't have to worry about DIY, fixing burst pipes, or negative equity for a while.... <br /><br />Keep going though - you will get there!Anonymousnoreply@blogger.com