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Monthly housing costs
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Post new topic   Reply to topic    Downsizer Forum Index -> Finance and Property

How much a month is your rent/mortgage
Less than 100
21%
 21%  [ 13 ]
Less than 200
8%
 8%  [ 5 ]
Less than 400
18%
 18%  [ 11 ]
Less than 600
21%
 21%  [ 13 ]
Less than 800
11%
 11%  [ 7 ]
Less than 1000
5%
 5%  [ 3 ]
Yikes
13%
 13%  [ 8 ]
Total Votes : 60

Author 
 Message
jema
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 26633
Location: escaped from Swindon
PostPosted: Sat Jun 23, 12 7:49 pm    Post subject: Monthly housing costs  Reply with quote    

Been an odd week this week, we effectively paid off our mortgage which as far as I'm concerned means we have escaped the Rat Race

We now have the option to choose what to do without having housing costs to worry about.
If we want we can turn off the heating, live on rice and beans, but the roof over our heads is safe.

Meanwhile one Son is paying 950 a month rent between him and his girlfriend, brother is being made redundant and his Mortgage is 900 a month, other friends are re-mortgaging and I dread to think what they have to pay each month.

But we are talking of fairly ordinary people having to find 10,000 a year before they think about eating. That's a terrifying amount and a kind of slavery.

Last edited by jema on Sat Jun 23, 12 7:52 pm; edited 1 time in total

Penny Outskirts



Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....
PostPosted: Sat Jun 23, 12 7:50 pm    Post subject: Reply with quote    

Scale doesn't go high enough

jema
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 26633
Location: escaped from Swindon
PostPosted: Sat Jun 23, 12 7:51 pm    Post subject: Reply with quote    

Penny Outskirts wrote:
Scale doesn't go high enough


Hmm, there was a "yikes" option at the end. Wonder what happened there.

Jamanda
Downsizer Moderator


Joined: 22 Oct 2006
Posts: 34918
Location: Devon
PostPosted: Sat Jun 23, 12 7:52 pm    Post subject: Reply with quote    

You forgot to hit submit - shall I sort it out for you?

Penny Outskirts



Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....
PostPosted: Sat Jun 23, 12 7:53 pm    Post subject: Reply with quote    

Our rent usde to be very reasonable for the house we have, but it's gone up and up

Penny Outskirts



Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....
PostPosted: Sat Jun 23, 12 7:53 pm    Post subject: Reply with quote    

Jamanda wrote:
You forgot to hit submit - shall I sort it out for you?



Jamanda
Downsizer Moderator


Joined: 22 Oct 2006
Posts: 34918
Location: Devon
PostPosted: Sat Jun 23, 12 7:55 pm    Post subject: Reply with quote    

We are fortunate in having a very small mortgage because of the moving out of that London to the sticks. Couldn't possibly move back though!

Penny Outskirts



Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....
PostPosted: Sat Jun 23, 12 7:59 pm    Post subject: Reply with quote    

Our children have no chance of buying

We will eventually get our bit of land and live on it.

Paul Sill



Joined: 16 Jan 2009
Posts: 118

PostPosted: Sat Jun 23, 12 8:27 pm    Post subject: Reply with quote    

We have been very very luck in the fact that our flat is rented from a local charity. Low cost rent which means we can just about survive on my wage so my wife can look after the little ones but also money we pay in rent is used by the charity for local people.

Nick



Joined: 02 Nov 2004
Posts: 34009
Location: Hereford
PostPosted: Sat Jun 23, 12 8:30 pm    Post subject: Reply with quote    

You need a zero option for people like you, Jema.

Bebo



Joined: 21 May 2007
Posts: 12568
Location: East Sussex
PostPosted: Sat Jun 23, 12 8:31 pm    Post subject: Reply with quote    

Nice feeling isn't it jema. Got rid of our mortgages (multiple) about 7 years ago.

jema
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 26633
Location: escaped from Swindon
PostPosted: Sat Jun 23, 12 8:33 pm    Post subject: Reply with quote    

These days under 100 a month is practically zero, when you look at the other options

.

Nick



Joined: 02 Nov 2004
Posts: 34009
Location: Hereford
PostPosted: Sat Jun 23, 12 8:50 pm    Post subject: Reply with quote    

Well, no. It's the difference between having no mortgage, and, potentially, a decent size one that you're only paying the interest on.

jema
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 26633
Location: escaped from Swindon
PostPosted: Sat Jun 23, 12 8:58 pm    Post subject: Reply with quote    

That actually is a point. I was also hearing this week about people on interest only with nothing in progress to pay the capital and that is really scary.

Nick



Joined: 02 Nov 2004
Posts: 34009
Location: Hereford
PostPosted: Sat Jun 23, 12 9:01 pm    Post subject: Reply with quote    

I have one of those mortgages.

(it's not a worry, it's tiny, but it meant I knew of the possibility)

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