Does not owning house make you out to be a failure?

I know it can be difficult for many to own a home in this current climate, but there is a stigma about not owning your own home that can set you out as a failure.

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Reply 1

BlackThunder10

Original post by Blue_Mason

I know it can be difficult for many to own a home in this current climate, but there is a stigma about not owning your own home that can set you out as a failure.

well in london if you manage to buy a house, i think you are doing very well

anything less is about the norm

Reply 2

CheeseIsVeg

No ...
No theres not...
:nodots:

Reply 3

Hamo2509

I definitely see owning property as something to aspire to. Realistically I probably won't be in the position to buy until my mid-30s, which is depressing because my mum bought her first house at 21 and paid off her mortgage on a different home 7 years ago at 44.
I will personally feel like a failure if I never own a house.

Reply 4

Claire461

Ive lived in social housing for the last 35 years or so. I could have bought my house when Thatcher brought in the right to buy but was against it.
I don't consider myself to be a failure, and I have never experienced any stigma because of it.

Have you got some statistics/proof of your claim?

Reply 5

username2705335

No houses in London can cost up to 1 million. Not everyone has that kind of money.

(edited 7 years ago)

Reply 6

user73867

Original post by Blue_Mason

I know it can be difficult for many to own a home in this current climate, but there is a stigma about not owning your own home that can set you out as a failure.

What has money got to do with success? :wink:

Reply 7

Asolare

No and definitely not when house prices are at their current level.

Reply 8

A321

Of course not. Personally I'd like to buy my own house but I wouldn't see someone as a failure if they don't own one.

Posted from TSR Mobile

It makes you a serf.

Original post by saraxh

No houses in London are 1 million. Not everyone has that kind of money.

No you can get a newbuild flat for like 200k in parts of London

Original post by ChaoticButterfly

It makes you a serf.

I like your use of language, a serf

Reply 11

math42

Maybe in previous generations this would make some sense (although personally I don't see the big deal, rent places all your life, own a house all your life, so long as you're not homeless w/e, suppose there is the issue of providing for children). But nowadays it seems like to own a house you need far above average success or rich parents.

Reply 12

Atlas Thugged

It doesn't count if you have a mortgage.

Reply 13

Atlas Thugged

Original post by 1 8 13 20 42

I disagree, houses up North are extremely affordable. Not that I live ''ooop there''

Reply 14

nofixedabode

No... why would you want a debit of £250,000 you will probably only pay off until you are nearly dead. Sounds a bit silly to me.

Reply 15

Another

Original post by saraxh

No houses in London are 1 million. Not everyone has that kind of money.

Not every house. You could pick up one just outside of the congestion charge for £950,000!

Original post by nofixedabode

No... why would you want a debit of £250,000 you will probably only pay off until you are nearly dead. Sounds a bit silly to me.

You won't be "nearly dead" in 25 years, I assure you

(edited 7 years ago)

Reply 16

Blue_Mason

Original post by nofixedabode

No... why would you want a debit of £250,000 you will probably only pay off until you are nearly dead. Sounds a bit silly to me.

Security, investment and the ability to give your offspring an inheritance.

Reply 17

Blue_Mason

Original post by Another

Not every house. You could pick up one just outside of the congestion charge for £950,000!

You won't be "nearly dead" in 25 years, I assure you

The average house price is around £500,000

Reply 18

math42

Original post by Atlas Thugged

I disagree, houses up North are extremely affordable. Not that I live ''ooop there''

I don't know much about demographics, only that the average is very high. What kind of prices are they?

Reply 19

Raizelcadres

Original post by Blue_Mason

I know it can be difficult for many to own a home in this current climate, but there is a stigma about not owning your own home that can set you out as a failure.