[TexasFreeper2009]

quote “A bit of digging revealed to us that the home had been bought in 1999 for the bargain price of £170,000, meaning we had effectively paid off our landlord’s mortgage during our tenure alone.”

LMAO

exactly right! you are an idiot for renting, and the landlord thanks you for paying off his mortgage for him!

I am a landlord and laugh at renters all the way to the bank every month. Since they could buy the same unit for less per month than I rent it to them.

[suasponte137]

But those tattoos, car lease contracts, 3000k labradoodles, and I phone latest model...etc, dont pay for themsleves....which leaves little left over for a mortgage.

[ChildOfThe60s]

About 12 years ago our then 28-year-old daughter decided to escape the rent trap. She lives in a decent size City. She bought a small, economical house in a blue collar neighborhood built in the early fifties. We loaned her the down payment which she has diligently paid off. At that time her mortgage and escrow was about $150 a month less than what she was paying in rent. You can guess what the difference is now.

[heartwood]

What are closing costs in your area? Buying makes no sense if you are staying just a few years.

[mass55th]

I'm a 77 year old divorced woman who raised two children alone on one salary. When they were little, I would have loved to been able to buy a house, but my salary working for the County, wouldn't allow me to come up with a down payment. And even if I could have afforded the down payment, and mortgage, I wouldn't have had any money to have necessary repairs done. By the time I had a job that gave me enough money to buy a home, my kids were grown and gone, so I no longer needed a home. And now, at this point in time, at my age, the last thing I would want to saddle my kids with after I'm gone, is having to get rid of a house neither of them would want.

I had a cousin who had been a landlord of 3-4 properties for many years. Nobody knew while he was alive that he kept refinancing the mortgages, using the money to help his kids, and when he died at age 80, his widow, a second wife, who he had never shared any information with about those properties, the rent, the condition of the properties, etc., and who he told would be "set" if he did pass, found out just what a mess it all was. He was basically a slum landlord, and the estate lawyer told her she had to go out and collect the rents from his tenants. I told her since her name wasn't on any of the deeds, that she wasn't legally obligated to do so, but she tried anyway, and guess what? All those renters refused to pay the rent once they knew he had died.

I hope you have your finances in order and don't throw a mess like that into someone else's hands when you do leave this earth.