Around a year and a half ago, I wrote about rental properties being a waste of money. However, here we are again. Nathan and I have moved back in to a rental property. You could call me a hypocrite, however I still stand by everything I said.
I still hate the thought that we’re paying someone else’s mortgage. But our situation has changed, Nathan’s changed jobs and is now self employed. Things are going great, but it is also much harder to secure a mortgage when you’re newly self employed. Number one, your income isn’t guaranteed. Even if you know you have 2 or 3 years worth of work ahead of you, Mr Lender can’t give you £100,000’s without proof of a steady income. Which brings me to point number two. You need at least two years of solid books (accounts) before they even consider borrowing you any money what-so-ever.
Although we have saved towards our deposit, we couldn’t see ourselves living in parents houses for another two years. Both being adults who’ve lived in their own space before proves it difficult moving home to parents, I will admit it. Our parents have been amazing, and we’re SO thankful for everything they’ve done for us over the past 18 months or so. Well we’re always thankful for everything they do for us. But even more so for having us back home.
When a family friend got in touch to say that his flat will be up for grabs, it was an easy decision. It’s less than a 10 minute walk for me to get to work, which means that in time were going to sell my car and get myself insured on Nathan’s car. There’s no point us having two cars sitting on the road while Nathan uses the van for work. Nathan’s brother has also moved in with us as its two bedrooms, so he can help with the bills and we can carry on putting some money away.
I guess what I’m trying to say is it’s going great for us. I’m not hypocrite; it’s working for us, for now. It may not always be practical, but you have to do what’s right for you.
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I don’t think this makes you a hypocrite at all! Situations change and you need to do what’s best for you at any given time – even if it’s something you don’t 100% like, if it’s the best option, then so be it! I’m glad things are going well though 🙂 xxx
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Thank you so much Jenny! ♥︎
I don’t think you are being a hypocrite. I think you are just pragmatic. I do think rental properties are a bit of a waste because you’ll be paying for something you’ll never have. But at the same time, I can’t afford a down payment for a house right now!
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It’s such a hard situation to be in, sometimes you have to just put the negative thoughts aside. Thanks for stopping by Corinne x
Sounds like you made the right choice to me 🙂
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Hopefully! We’ll it’s right for now ☺️
I don’t think you’re being a hypocrite. Situations change and you really can’t predict the future!
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Exactly, thanks Eleanor!
I rent and I completely agree that it’s a waste of money, I honestly may as well take £400 out my purse and chuck it down the drain monthly. Renting makes it harder to save to get on the property ladder and whilst it’s a great short term fix I’m hoping to have my own place some day purely so my money will be going into something i’m building up. I don’t think it makes you a hypocrite at all!, sounds like you made the best choice for you.
Charlie | http://www.charlieswonderland.co.uk
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I hate paying rent, but a girls gotta do what a girls gotta do! Thanks Charlie x
I don’t think it’s hypocritical! I think it’s making the sensible choice based on your circumstances. I hated renting too, but I couldn’t have lived at home again! It sounds like you’ve thought it all through. Good luck with Nathan’s new business!
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Thank you Claire, it really means a lot!
You’re not a hypocrite everybody’s situation is different and changes and at the end of the day a home is a home and the pictures look lovely. Hope you are happy in your new home it’s so hard for first time buyers these days. I am a school teacher but had children and got myself in debt so have a council home but at the end of the day it’s my little house and it’s full of love and that’s all that matters!
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Thank you lovely. Buying isn’t everything, as long as your happy in your little home!
I agree with you about rentals. Even then, it’s totally okay to still rent – you’re still going to have a place to live in and you might as well make the rental a home sweet home for now :). I love what you’ve done with your place! The string of lights looks super cute.
Nancy ♥ exquisitely.me
Aww you aren’t a hypocrite – things change! It always feels annoying spending money on rent but needs must and will all be worth it when you end up in your dream home. Melis
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Exactly! Thanks Melis ☺️
At the end of the day, you’ve gotta do what is right for you! It sounds like you made the right decision given the circumstances and that doesn’t make you a hypocrite! xx
https://www.chloexlizabeth.com
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You took the words right outta my mouth! Thank you Chloe xx
Ahhh I don’t think you’re a hypocrite at all because sometimes things you don’t like and the best option in a certain situation 🙂 xx
I really relate to this post. I think renting is such a waste of money but it’s so difficult for people our age to borrow enough money to buy anything decent. I’ve been holding off on renting for a while too, but we’re going to consider it in the new year for more independence.
Soph – https://sophhearts.com x
Situations change, and just because you had to change your situation doesn’t make you a hypocrite! It’s so hard to get onto the property ladder but all you can do is do your best! I myself hate the idea of living in the rented place but it’s all my other half and I can afford at the moment. Hopefully one day we will both get our dream houses!
It’s really hard to deal with unforeseen circumstances, you just have to do what’s best for the timebeing. I don’t think you’re a hypocrite!
https://jendbibliophile.wordpress.com
I don’t think you’re being a hypocrite at all. I totally agree with what you said about paying someone else’s mortgage but situations change. And with someone else living with you, you can continue to save a little extra too. It sounds like a really smart decision to me x
Sophie
http://www.glowsteady.co.uk