 1st Home decision - Buy a condo or home? |
| I wanted to get some opinions on whether to buy a condo or a home. This is my first time and I have a limited budget. The condo is in a upscale neighbourhood and the middle school is very good. The ... |
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 18 years old want to buy foreclosed home? |
| Im 18 and I want to buy a foreclosed home so I can rent it out. My mom would give me the money (because I dont have a job) so I can buy it and fix it up. And she would let me sell it and get the ... |
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 Moving to a new apartment in a week, just bought a puppy...? |
| Im moving into a pet friendly apartment in a week. Right now the apartment I live in is NOT pet friendly. I just bought a new puppy and the pet store will only hold her until today.(I know, I know I ... |
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 Can i afford to live in a £350 a month rent on a £600 wage? |
The flat has 1 bedroom, 1 bathroom, 1 kitchen
Additional Details
Wow! thanks for the help. The flat is a ground floor studio apartment. Other people will live above me, so council tax ... |
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 Myself and my g/f are looking to get our own place.....? |
| i have moved out before into a flat with a mate! And she has lived in Australia for a year. What do you think is the best option, rent for a year to make sure we can live together or go straight in ... |
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| Upfront 6 months rent? |
| Do you think that an apartment would allow me to pay upfront 6 months rent, on a 6 month lease? I am planning to move out of state in July, and quit my current job of 17 years. I will have all the ... |
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 Apartment Legal Question? |
| I moved from my old apartment complex in May of 2006, at that timeI provided them my new address and contact # because i knew i was going to own money for minor damages. In august i recieved a letter ... |
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 How do I evicte a tenant for non payment and for abandoment of my apartement? |
| This tenant provided false information about her id, while in the apartement, she was hiding and aiding a wanted fugitive and was dealing drugs while we were getting sick from her smoking pot. And ... |
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 How many days should I give my tentant who is late paying? |
| I am new at rental management. My tentant siged a 1 year lease beginning June 1st. He paid both on time with a postal money order. He has not paid July rent. He sent me an email and apologized ... |
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 Is this a scam? this is what i got back after I inquired about renting a place.? |
| thank you for your heart felt email and I hope all is well for you. Now I fell obligated to tell you about myself Firstly I am Mrs Ruth RiveraLopes a 50 yr old professional woman a mother of three ... |
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 Is it possible for a house to cost $19??? |
take a look, this looks like BS to me. It really says this house it $19!!!!
WTF!!
http://realestate.yahoo.... |
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 STUPID QUESTION - What exactly is a mortgage loan? Is it a loan that you get when wanting to buy a home or... |
| is a mortgage loan when you already own a home and you'll be using your home as collateral for a personal loan? Because my husband and I are wanting to buy our first home, so is what we need to ... |
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 Can my landlord sue me after I move out? |
| I moved out of an apartment nearly two months ago. I took advice from a Renter's Rights website and had my landlord meet me at the apartment for a final walk-through. He was satisfied that the ... |
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 Making an Offer 20% lower than Asking Price acceptable? |
| I am hoping to make an offer on a house within the next couple of days. It's a FSBO, so no realtors are involved which helps as far as there being no real estate commissions on either side to ... |
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Deano&Stevie | Are the reason why people live in council/housing association propertys because they all have low income? |
I got told that people who live in council houses is because they have low income coming in? But do some people choose to live in council/housing association because they would prefer to rent than buy a house?
Additional Details
Ok thankyou all, im just trying to state a fact as i live in housing association and people who know me think just because i rent, they think i have no money, cant afford nothing (doll doser), we work. our home is nice inside. we just prefure to rent, it gives us time to save up, and then have our own money to put towards buying the property when we decide to |
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buzzzzz
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Both reasons. |
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Down Under Guy
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i know of cases in which people start out as low income makers and so have no choice but to live in the council houses. however, many remain to stay since they recognize the potential to increase disposable income and ability to invest and move up the economic ladder faster by remaining with such low rent.
sometimes, it's a matter of being unable to find property that they can afford to buy even though they can afford to rent more expensive places. |
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nosdda
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It is usually people on low income who are renting these properties.To qualify for a Council house, you are awarded points. These points are rated for certain things.
1 Do you have to share a bathroom
2 Have you central Heating
3Are you living in over crowded accomodation, Etc.
For each question you answer, and are awarded points. Then if you have enough points to qualify, you are given a Council house if one is available. If not, you have to wait until one is available. |
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Gillian K
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I think there are many factors. I would say that the majority are not in the income bracket that can afford a mortgage (and their numbers may increase with the economic downtown). This does not mean, however, that they are on the bread-line. For some, it may be safer to rent - more protection and the bank can't re-posess your house - but I doubt whether many are driving around in BMWs either.
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Janie
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As you say some people don't want the responsibly of owning and maintaining their own property another reason for renting is the fact that they are unable to get a mortgage not because they have low income but just because the bank or whoever decide they can't have a loan. |
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sea_blonde
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maybe they cannot buy. If the income is low, how would they be able to save enuf to put up a down payment? If maybe the money is all they can do to live? |
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Upward
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Certain criteria has to be met in order for people to qualify for council/housing properties. Example, income, number of people in family. There are gads of people who live in apartments or houses and pay rent and make lots of money. They don’t want to have to worry about the upkeep of the property or pay taxes and insurance on it. |
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WelshLad
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The advantage is, if anything goes wrong e.g. boiler you don't have to pay. |
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lianne s
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any one who is in rental, any rental including private should and can be on the housing list, this is the government can use this for statistics, it also helps indicate property which may need to be built of allocated as social houseing via large companies along with an idea of the local social climate.
we are the only contry who put such social status on owning your house, this can be seen by banks and peolple stupidly lending/borrowing upto 6 times their income (hence the mess we are in now).
many years ago lots of people lived in council.housing *** propertyis, then maggiw t said we should own our own houses. sold some council propertys and didnt re build.
i live in h/a i have a good job and although looking at an investment potential, i at my heart do not believe in owning my own property.
i have a good job and my house is well 'done out' i recently exchanged to a larger house which was a mess, in 3 mths i had done it out top to bottom, costing around 10k if i owned i could not have done this.
we also go away on holiday and weekends quite a bit, my 5th hol this year is approaching, again if i owned i could not do this.
my hoover and washing machine packed up at the same time, so bought new, again i would not have been able to do this with interest rates on the rise.
i guess what you have to ask is are you working to live or living to work?
what does 'life' mean to you.
dont get me wrong if i could pick the house up and drop it some where else i would like were i was before, my street has very few houses whih are still 'council' however some neighbours are problematic, i believe you can get this any where. but you can complain about tenants, you cant home owners.
there are many people who are not in the fortunate positions as people like me, but we should not tar them with the same brush just because they live on an estate.
as long as you safe, loved and happy that is all that matters, if people pass judgment then you should question where this comes from.its sounds like snobbery
social housing enables families on low incomes to have a slightly better quality of life, look at other countries and you will find larger families in much smaller housing.
for a country so small we have big opinions!
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Archie696
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It's usually because they're on a low income but some people prefer to live in council/housing association homes to save money and because they're satisfied with them. |
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happycath
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I might be wrong, but I believe to qualify for council housing you have to be below a certain income bracket. But I couldn't tell you what it is. |
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kate
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Yes, many different people live in council properties. It's harder to get one however because you're able to rent privately if you're on a higher income. Priority is for vulnerable couples/children and people on low income. |
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fritya56
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good luck mate don't let narrow minded people put you down , especially the semi-detached thieving scum , time wasting drunks suffering from petty snobbery name dropping about kitchen design , I'm with you . Good luck to you . good and bad in all walks of life , if I told you my position you'd laugh your balls off . |
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Everyday's the same again...
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Nope - plenty of people register for council housing, regardless of income, working status, family size etc. It's not all dole dossing single moms aged 18 as per the stereotype.
Edit: actually, I guess it depends on what you consider to be a low income. I am on a decent wage, but I still couldn't afford to buy at the moment. Our housing app doesn't ask for wages - and I don't know any that do, so it would be difficult to use "low income" as a reason to house someone over another applicant. |
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♥weelynne♥
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I rent a house because I can't afford to get a mortgage. I work two jobs and still cannot afford it. If I had a choice (and money) I would buy, but its just simply not possible untill I earn better money |
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I think it is a pre requisite for a person to prove his/her low income to get to live in rent controlled housing. |
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