Thinking about just renting a unit instead of owning- anyone else doing this ?

[randomx]

Haaa nah mate , no midlife here, that's a beauty. Think l had one about 10 yrs back though ha ha. But nah, always known the meaning of life, l wonder, do people really go looking for that bs ? Pretty simple one that one if you ask me, make sure you enjoy the ride and do whatever you must do- ha, or something like that.

l suppose it's true what your saying though l am kinda pushing myself for some decision. l do actually feel a bit threatened actually , by bloody time . Age, this bloody housing crisis, better make up my mind bc l sure won't feel like building either here or somewhere new forever that much l do know. Pretty small window for that one couldn't be stuffed now but if l dilly around too long never will. l'm also not living great the way it is right now either. 

Edited 14 hours ago by randomx

[randomx]

Your not wrong about the mind not resting easily in indecision Nev. Something as big as this at a time like this nothing is resting easily for me atm l'm afraid.

Think l've come to a decision over the last few wks though, on the whether to stay here or not part anyway. 

Thing is, 2 different guys looked at this place when it was up for sale, both a bit older than me, one 70ish. Both pretty well said the same thing and echoing the same things worrying me about staying and l've thought a lot about it.

The 70ish guy said it's a lovely block lovely spot but while he'd be enjoying it right now, it wouldn't be long though before he'd be sick of the driving [50k ea way to the main town] , as well as the tiny town here and plus the size of the property itself and looking after it. They both said much the same thing.

They were right , l mean 5 -6yrs l'd be same boat, few more onto that and l'd probably need to be looking for a new place again. There'd be no dodging that one better l don't even bother.

Better l just try selling it off and look for something more suitable long term l reckon.

 

Don't know what l'll be able to manage with prices out there now if l can offload this one and decide to buy again but really, end of the day it's just not even practical staying.

 

 

 

 

 

 

 

 

Edited 2 hours ago by randomx

[facthunter]

If getting a house costs the Majority of a Lifetime to Payoff, why submit to that Burden, IF there's an alternative".  There Must be More in life. Nev

[onetrack]

It pays to write down a list of what you consider important and unimportant features involved in moving to a new location. By doing so, you're crystallising a lot of scattered thoughts, and putting them in a concrete form right in front of you.

Moving to a new location is quite unsettling when older. As humans,we like familiarity and routines. All that goes when you move to a new area. You lose your old friends and associates and have to make new ones. That gets much harder when you're older.

 

The older buyers are right. As you enter "old age", your priorities change drastically. By "old age", I mean you start to realise you can't do what you used to do, physically. Your muscle strength declines, your balance declines, your eyesight and hearing and other faculties decline. It's subtle and slow, but it keeps up steadily.

 

As a result, you must ensure you have less and less heavily physical tasks to do. Reducing the acreage you own, and the area you need to maintain, becomes a priority - unless you can afford to pay someone to do it for you.

Moving into a house or accommodation that is newer, is important in old age, as it reduces maintenance worries and costs.

 

If you look at most old peoples houses, where they have lived for decades, they are generally run-down, as they fail to keep up the maintenance due to costs they can't afford or because they're no longer physically capable of carrying out the work.

 

The other angle to keep in mind is assets that might affect any pension you're entitled to. Keep those asset values in your home, and it's an asset that is not counted when you apply for the pension.

 

Edited 40 minutes ago by onetrack

[facthunter]

Good advice O/T also you need to keep creepy crawlies out of your House, have Insulation and reduced exposure to fire and flood and access to medical care. Many small towns are parochial and to them you will always be a blow in and they will gossip and speculate about you when you aren't present.  Australia complains but Our Houses are some of the BIGGEST in the world on the Most costly real  estate with some of the smallest blocks imaginable where you couldn't swing a cat or sunbake in a Land as big as we Have, Crazy, Houses are too Labour intensive and only last about 40  years before they need repairs and are out of date.  Avoid stairs when you are Older. One fall and your life changes markedly for the Worst.   Nev

Edited 8 minutes ago by facthunter
more content.