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Home ownership is a millstone – renters should count their blessings

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Home ownership is a millstone – renters should count their blessings

Renting a property, despite the price hikes we’ve seen, still provides the sort of flexibility any mortgage-holder would dream of. Job promotions in different parts of the country can be accepted with a month’s notice when you’re renting, but if you own your home – well, that’s a conundrum that requires a difficult conversation about what to do with ‘The Property’. 

These are the sort of conversations “Guppies” (the name given to the young people who have “Given Up On Property”) don’t have: renting means flexibility.

Since the day we’re born, we’re told our home is our castle. The fairytale we all buy into is owning a property, but get this: it’s also a millstone, a pile of debt, a reason why we can’t live the life we want to live and take that dream job on the other side of the country. 

I appreciate I may be biased, but I do also believe in the product I’m offering. Not everyone can buy their own place – but also, not everyone wants to. Things change all the time, and in this cost-of-living crisis, some people will choose to downsize to reduce their bills. 

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I’ve read enough “My mortgage has gone through the roof” stories to know we’ll be seeing a considerable amount of properties coming to the market. If you’re a tenant and want to reduce your outgoings, it’s one month’s notice and you’re free to find a cheaper place. 

Not so when you have a mortgage. 

It’s also not a barrel of laughs to find the funds to fix a broken boiler with increased mortgage payments. If you’re a tenant, you just report it to the landlord for them to fix – it’s somebody else’s problem, and somebody else’s expense. 

That’s the beauty of renting. 

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Renting means you don’t have to worry about all the extra bills. Tenants are responsible for the monthly rent and that’s it. There’s no extra charge if the roof flies off or if the dripping tap needs a replacement. The monthly rent covers all of those inconveniences that come with the joys of property ownership.

Buying and owning a property means you’re in for the long haul – in sickness and in health – and let me tell you, your mortgage will definitely last much longer than most marriages.

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


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Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


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SEC asks court for four months to produce documents for Coinbase

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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