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Most people my parents age purchased a house, waited a few years and it doubled in price. Then they kept doing that until most of them are in £500,000 houses ha
by monk_e_boy 11y ago
Most people my parents age purchased a house, waited a few years and it doubled in price. Then they kept doing that until most of them are in £500,000 houses having paid off their mortgage.
So the pressure from them to their kids 'invest in houses' is very big. After all, house prices always go up.
I worked it out for my Uncle and he was making more on his house price going up than in his job (for a couple of years.)
You can't do up a renter. Most people want to 'nest' or have different requirements from a home than the renter has. Got a baby? Need a baby room. Go surfing? Need a surfboard storage room. Want to paint over the mould? Need permission from landlord.
And where I live no one rents out houses. So renters just can't live here.
- majewsky 11y agolooks up "mould" in dictionary Do you mean the fungi that spread on wet walls? Because I would consider just painting over these a very bad idea.
- brbsix 11y agoIts a sort of interior trim. http://www.homedepot.com/b/Building-Materials-Moulding-Millwork-Moulding/N-5yc1vZara1 http://www.homedepot.com/b/Building-Materials-Moulding-Millw...
- monk_e_boy 11y agoYeah, spelling - woops. Not sure how else to fix it. The UK is very wet, houses are stone and cold. Condensation is almost constant and mold pops up most winters. We used to run a dehumidifier and it would collect water, but as soon as you open the front door another houseful of wet air comes in.
- valdiorn 11y agodon't paint over mold. It's dangerous stuff, get mold removal products or a specialist in; better yet, make the landlord pay for it (which he should, because if his property becomes uninhabitable by mold he's screwed).