WHY I HATE THE HOUSING MARKET EVEN THOUGH I RENT
Despite having lived in Scotland for only two years, I have moved house three times. And it's about to increase to four now.
You see, despite the media's constant screaming about a RECESSION!!! OH MY GOD!!!, Scottish house prices are on the rise - although actual sales have fallen, my landlord has decided that now is the time to sell the flat that I live in. Even though I have relayed the message, via my letting agency, that I want to live in that flat for a very, very, very long time (pretty much until I die), my landlord is determined to sell it.
I hate moving house so much, that I briefly considered buying the flat, just to avoid the hassle of moving. Although banks and mortgage lenders were giving away 100% mortgages a year ago like they were candy, such deals no longer exist.
Once again, we're in a climate of "responsible" lending so really, what bank is going to give me a mortgage without a down payment? And as for down payments, who the hell has £10,000 ($20,000 Canadian!) lying around to drop on a flat? Definitely not first time buyers. And definitely not first time buyers with massive student loans ( i.e. me).
I'm sort of hoping that the flat doesn't sell (it's kind of a dump - but a quaint one!), so I can live in it for a long long time. Well, until the next mortgage free-for-all rolls around and I too can get a 100% mortgage (and think about the repercussions later), and buy my own flat because I AM SICK OF LANDLORDS DECIDING ON A WHIM TO SELL THE FLAT I LIVE IN!!!!!!!!!!!
Jesus. It makes me nostalgic for Toronto, where everyone rents until they're 40!