Monthly housing costs

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Monthly housing costs
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Downsizer Forum Index -> Finance and Property

How much a month is your rent/mortgage

Less than ï¿½100

21%

[ 13 ]

Less than ï¿½200

[ 5 ]

Less than ï¿½400

18%

[ 11 ]

Less than ï¿½600

21%

[ 13 ]

Less than ï¿½800

11%

[ 7 ]

Less than ï¿½1000

[ 3 ]

Yikes

13%

[ 8 ]

Total Votes : 60

Author

Message

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28238
Location: escaped from Swindon

Posted: Sat Jun 23, 12 7:49 pm Post subject: Monthly housing costs

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 ï¿½950 a month rent between him and his girlfriend, brother is being made redundant and his Mortgage is ï¿½900 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 ï¿½10,000 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....

Posted: Sat Jun 23, 12 7:50 pm Post subject:
Scale doesn't go high enough

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28238
Location: escaped from Swindon

Posted: Sat Jun 23, 12 7:51 pm Post subject:

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: 35057
Location: Devon

Posted: Sat Jun 23, 12 7:52 pm Post subject:
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....

Posted: Sat Jun 23, 12 7:53 pm Post subject:
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....

Posted: Sat Jun 23, 12 7:53 pm Post subject:

Jamanda wrote:

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

jamanda
Downsizer Moderator

Joined: 22 Oct 2006
Posts: 35057
Location: Devon

Posted: Sat Jun 23, 12 7:55 pm Post subject:
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....

Posted: Sat Jun 23, 12 7:59 pm Post subject:
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

Posted: Sat Jun 23, 12 8:27 pm Post subject:
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: 34535
Location: Hereford

Posted: Sat Jun 23, 12 8:30 pm Post subject:
You need a zero option for people like you, Jema.

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Sat Jun 23, 12 8:31 pm Post subject:
Nice feeling isn't it jema. Got rid of our mortgages (multiple) about 7 years ago.

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28238
Location: escaped from Swindon

Posted: Sat Jun 23, 12 8:33 pm Post subject:
These days under 100 a month is practically zero, when you look at the other options .

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Sat Jun 23, 12 8:50 pm Post subject:
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: 28238
Location: escaped from Swindon

Posted: Sat Jun 23, 12 8:58 pm Post subject:
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: 34535
Location: Hereford

Posted: Sat Jun 23, 12 9:01 pm Post subject:
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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