The major reason why I want to buy a home - eventually - is because I don't want to end up like my Granny in Luton who paid rent on her home for FIFTY FRAKKIN' YEARS, on the state pension*. For whatever damfool reason, my grandfather didn't want to be 'saddled' with a mortgage - for, um, 25 years... I don't know how that made sense to dear ol' Grandpopster...
I'm probably going to be working 'til I'm 70, anyways, I accept that, but I don't want to have to work until I'm dead because I didn't get a mortgage and build some equity. Not having any descendants to impose upon (and, at this point, I doubt I ever will), ditto extended family also increases my urge to have a tiny bit of land to call my own... I've seen what the state-subsidized retirement housing is like around here... *shudder*
But, despite all that, I agree with you that priorities are whacked. The food riots are getting a bit more press, over here, but not much...
* - which was impossible. My father and uncle had subsidize matters during the last 15 years or so...
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timeasmymeasure
no subject
Date: 2008-05-03 09:16 pm (UTC)I'm probably going to be working 'til I'm 70, anyways, I accept that, but I don't want to have to work until I'm dead because I didn't get a mortgage and build some equity. Not having any descendants to impose upon (and, at this point, I doubt I ever will), ditto extended family also increases my urge to have a tiny bit of land to call my own... I've seen what the state-subsidized retirement housing is like around here... *shudder*
But, despite all that, I agree with you that priorities are whacked. The food riots are getting a bit more press, over here, but not much...
* - which was impossible. My father and uncle had subsidize matters during the last 15 years or so...