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Mortgage paying off/affording extension question

WouldBe said:
House prices haven't always risen. There have been times when houses have been in negative equity. They haven't said when this happened. You seem to be making a lot of assumptions.
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They said it was eleven years ago, which rules out cladding issues.

You believe they were forced to be a landlord if you want, for over a decade.
 
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Tones said:
All landlords are cunts. No matter the lies they tell themselves.
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I've had paying lodgers, which makes me a landlord, I guess. So that makes me a cunt, right?

I've also let quite a number of people stay in my spare rooms for free, sometimes for a few days or weeks, sometimes for months. So not all my 'lodgers' have paid to stay, some have effectively been houseguests.

I've posted in other threads on urban previously about how my hospitality has effectively been abused* by countless people over the years, to the extent that I think other urbanites got quite fed up of hearing about my repeated lodger disasters and urged me not to let anyone stay in my flat.

I've had people steal from me, smoke in bedrooms and fall asleep in bed burning sheets - could've set my flat on fire and killed me! I've had someone else smoking in a bedroom and made it stink. (All lodgers/houseguests are told smoking isn't allowed indoors, only on the balcony.)

I've had a couple who were friends of friends who I took in because they were homeless and then they made me feel really uncomfortable in my own home by having lots of 'domestics' shouting at one another and slamming doors, and when I told them they were making me uncomfortable in my own home and asked them to leave I was threatened that I didn't know what kind of person they were, and I should watch my back, but it wouldn't them who got me, it would be someone else.

I've had people who, in hindsight, were pretending to be my bestie to get free accommodation, used me to get what they wanted then fucked off.

I had so many 'friends of friends' or mostly 'friends of acquaintances' pointed in my direction, and I was taken for a sucker after hearing sob stories about people's accommodation woes, so I took them in and gave them a roof over their head, but over the years I came to realise that if an acquaintance is telling me their friends are (imminently) homeless and need a place to stay, then that now begs the question 'if they're your friend, why aren't you inviting them to stay with you?' but it took many instances of people taking the mickey and causing problems for that realisation to dawn.

But in the meantime, I've eg had people staying who basically treated me like their maid or mother and who expected to clean up after them, eg the guy who never washed dishes.

But yeah, I'm the cunt.

* And by abused, I mean the threats and treating me and my home like shit, which I suspect is related to me being a vulnerable person. I'm on the autistic spectrum, have historically been easily persuaded/manipulated, I've been an easy target and taken for a mug. But yeah, I'm the cunt.
 
AnnO'Neemus said:
I've had paying lodgers, which makes me a landlord, I guess. So that makes me a cunt, right?

I've also let quite a number of people stay in my spare rooms for free, sometimes for a few days or weeks, sometimes for months. So not all my 'lodgers' have paid to stay, some have effectively been houseguests.

I've posted in other threads on urban previously about how my hospitality has effectively been abused* by countless people over the years, to the extent that I think other urbanites got quite fed up of hearing about my repeated lodger disasters and urged me not to let anyone stay in my flat.

I've had people steal from me, smoke in bedrooms and fall asleep in bed burning sheets - could've set my flat on fire and killed me! I've had someone else smoking in a bedroom and made it stink. (All lodgers/houseguests are told smoking isn't allowed indoors, only on the balcony.)

I've had a couple who were friends of friends who I took in because they were homeless and then they made me feel really uncomfortable in my own home by having lots of 'domestics' shouting at one another and slamming doors, and when I told them they were making me uncomfortable in my own home and asked them to leave I was threatened that I didn't know what kind of person they were, and I should watch my back, but it wouldn't them who got me, it would be someone else.

I've had people who, in hindsight, were pretending to be my bestie to get free accommodation, used me to get what they wanted then fucked off.

I had so many 'friends of friends' or mostly 'friends of acquaintances' pointed in my direction, and I was taken for a sucker after hearing sob stories about people's accommodation woes, so I took them in and gave them a roof over their head, but over the years I came to realise that if an acquaintance is telling me their friends are (imminently) homeless and need a place to stay, then that now begs the question 'if they're your friend, why aren't you inviting them to stay with you?' but it took many instances of people taking the mickey and causing problems for that realisation to dawn.

But in the meantime, I've eg had people staying who basically treated me like their maid or mother and who expected to clean up after them, eg the guy who never washed dishes.

But yeah, I'm the cunt.

* And by abused, I mean the threats and treating me and my home like shit, which I suspect is related to me being a vulnerable person. I'm on the autistic spectrum, have historically been easily persuaded/manipulated, I've been an easy target and taken for a mug. But yeah, I'm the cunt.
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More tales of woe 🙄

Most of that doesn’t seem related to you being a landlord.
 
Looby said:
Stop it, you’re being a dick.
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Not the landlords of course, enriching themselves while kindly offering people somewhere to stay. Providing they pay off their mortgage with their wages, people that are just so terrible they couldn’t do what the mighty landlord was able to do themselves.
 
B.I.G I don’t know why it didn’t sell other than there wasn’t someone looking for what I had. It’s a one bedroom 1960s flat in a quiet area next to a park with a shared garden area. The bedroom is smaller than average one beds so maybe that was a factor or people were wiser than me & not buying leasehold. I was also looking to get the same or more for what I paid for it.

I was trying to sell it in 2011 which was just a few years after 2008 financial crash so maybe that was a factor too.

There is no dangerous cladding or anything else there was simply no interest so I found a Plan B.

I’m an NHS nurse which is why I have access to extra shifts & as shared I worked a lot of extra hours & months on end on the night shift.

Anyway back to your rage I’m sure it’s keeping you warm.
 
moonsi til said:
B.I.G I don’t know why it didn’t sell other than there wasn’t someone looking for what I had. It’s a one bedroom 1960s flat in a quiet area next to a park with a shared garden area. The bedroom is smaller than average one beds so maybe that was a factor or people were wiser than me & not buying leasehold. I was also looking to get the same or more for what I paid for it.

I was trying to sell it in 2011 which was just a few years after 2008 financial crash so maybe that was a factor too.

There is no dangerous cladding or anything else there was simply no interest so I found a Plan B.

I’m an NHS nurse which is why I have access to extra shifts & as shared I worked a lot of extra hours & months on end on the night shift.

Anyway back to your rage I’m sure it’s keeping you warm.
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Not sure why people seem to think calling people out for contributing to the biggest crisis in the UK is rage.

Being a landlord is just wrong, you can tell yourself what you like.

Like how you somehow couldn't sell the flat, so you just had to keep collecting the rent while the prices of housing just keep rising, preventing plenty of others from having a home of their own, securely having somewhere to live to start a family etc etc.

Whenever you hear about someone not being to do x because the price of housing is too high, I hope you feel good knowing you contributed.

The nurses that come after you won't be able to benefit from having two houses like you do, because prices rose to unaffordable levels, why? Because everyone like you thinks its ok to use people's homes as an investment, providing they are nice, or providing its only one, or because its your pension. Whatever you tell yourself.
 
moonsi til said:
B.I.G I don’t know why it didn’t sell other than there wasn’t someone looking for what I had. It’s a one bedroom 1960s flat in a quiet area next to a park with a shared garden area. The bedroom is smaller than average one beds so maybe that was a factor or people were wiser than me & not buying leasehold. I was also looking to get the same or more for what I paid for it.

I was trying to sell it in 2011 which was just a few years after 2008 financial crash so maybe that was a factor too.

There is no dangerous cladding or anything else there was simply no interest so I found a Plan B.

I’m an NHS nurse which is why I have access to extra shifts & as shared I worked a lot of extra hours & months on end on the night shift.

Anyway back to your rage I’m sure it’s keeping you warm.
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I shouldn't bother, if I were you. B.I.G. is coming at this from a very specific perspective, and they really aren't going to be interested in the facts or the reality.
 
I would have thought landlords have a place in the accommodation chain.
Lots of social housing got sold off and little is being built to replace it and what little is being built is not local,
it is being built miles away. There is very little if any social housing available near me, in fact Richmond has no
social housing and I imagine there is very little to be had in other parts of the country.
What are people who cannot afford to buy a place supposed to do. Squatting has been legislated against and is
not a long term solution.
 
I mean you can go further and say in most parts of the country you're not going to get social housing unless you're deemed in some way 'vulenerable', are actually homeless, living in seriously over-crowded home, earn hardly any money etc. nigh-on impossible for most people. so not sure where exactly people are supposed to live without rental accommodation.
 
B.I.G said:
Not sure why people seem to think calling people out for contributing to the biggest crisis in the UK is rage.

Being a landlord is just wrong, you can tell yourself what you like.

Like how you somehow couldn't sell the flat, so you just had to keep collecting the rent while the prices of housing just keep rising, preventing plenty of others from having a home of their own, securely having somewhere to live to start a family etc etc.

Whenever you hear about someone not being to do x because the price of housing is too high, I hope you feel good knowing you contributed.

The nurses that come after you won't be able to benefit from having two houses like you do, because prices rose to unaffordable levels, why? Because everyone like you thinks its ok to use people's homes as an investment, providing they are nice, or providing its only one, or because its your pension. Whatever you tell yourself.
Click to expand...

Landlords are bad. No one should be a landlord. Right. Great. Glad that's settled.

Given that not everyone wants to buy a home. And given that not everyone who wants to buy is in a position too. Where do you propose all those millions of non-homeowners will live if you ban landlords and live in a no-landlord utopia?

Where will students live? The only students who are in a position not to rent are the ones who have wealthy parents who buy them someone to live during their studies. So where will the very vast majority of poorer students live?

What about fresh graduates who've just moved to London to start a job paying £20-30k per annum? Where are they supposed to live if you abolish landlords? Assuming that those young people don't have a stash of cash for a deposit to buy somewhere after studying full-time for three years, so they will need to work for a few years to save up a deposit.

Or what about low paid workers across the country? Even in northern towns where house prices are relatively low, not everyone wants to or can afford to buy. If it was just about house prices, you might think everyone in small northern towns owns, no one rents.

What about doctors? Doctors do rotations of 6, 9, 12 months, not just in different departments, but often in different hospitals in different cities. Where will they live in your utopia with no landlords and nowhere to rent when they move several times over several years and buying and selling repeatedly wouldn't be feasible - logistically or financially. So where would they live if they couldn't rent?

Lots of people need the flexibility of renting. And you can't rent without landlords.
 
B.I.G said:
Not sure why people seem to think calling people out for contributing to the biggest crisis in the UK is rage.

Being a landlord is just wrong, you can tell yourself what you like.

Like how you somehow couldn't sell the flat, so you just had to keep collecting the rent while the prices of housing just keep rising, preventing plenty of others from having a home of their own, securely having somewhere to live to start a family etc etc.

Whenever you hear about someone not being to do x because the price of housing is too high, I hope you feel good knowing you contributed.

The nurses that come after you won't be able to benefit from having two houses like you do, because prices rose to unaffordable levels, why? Because everyone like you thinks its ok to use people's homes as an investment, providing they are nice, or providing its only one, or because its your pension. Whatever you tell yourself.
Click to expand...
Wrong forum for this, This is a help and advice forum. If you can't offer, kindly leave.
 
editor said:
Wrong forum for this, This is a help and advice forum. If you can't offer, kindly leave.
Click to expand...

You have said the same to all the people talking about BTL on this thread, way before me, which was nothing to do with offering help or advice.

Oh. You just told me. Of course.
 
WouldBe said:
It was mentioned in the initial post that you quoted before you started ranting. :facepalm:
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Yes. I wasn’t ranting about the cladding though. About the landlords. I just said it later when speculating about some reasons people are “forced” to become landlords.

But you aren’t interested.
 
AnnO'Neemus said:
Landlords are bad. No one should be a landlord. Right. Great. Glad that's settled.

Given that not everyone wants to buy a home. And given that not everyone who wants to buy is in a position too. Where do you propose all those millions of non-homeowners will live if you ban landlords and live in a no-landlord utopia?

Where will students live? The only students who are in a position not to rent are the ones who have wealthy parents who buy them someone to live during their studies. So where will the very vast majority of poorer students live?

What about fresh graduates who've just moved to London to start a job paying £20-30k per annum? Where are they supposed to live if you abolish landlords? Assuming that those young people don't have a stash of cash for a deposit to buy somewhere after studying full-time for three years, so they will need to work for a few years to save up a deposit.

Or what about low paid workers across the country? Even in northern towns where house prices are relatively low, not everyone wants to or can afford to buy. If it was just about house prices, you might think everyone in small northern towns owns, no one rents.

What about doctors? Doctors do rotations of 6, 9, 12 months, not just in different departments, but often in different hospitals in different cities. Where will they live in your utopia with no landlords and nowhere to rent when they move several times over several years and buying and selling repeatedly wouldn't be feasible - logistically or financially. So where would they live if they couldn't rent?

Lots of people need the flexibility of renting. And you can't rent without landlords.
Click to expand...
People's dormitory towers. Kept warm by the picture of BIG in every room. Obvs.
 
B.I.G said:
Yes. I wasn’t ranting about the cladding though. About the landlords. I just said it later when speculating about some reasons people are “forced” to become landlords.

But you aren’t interested.
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You're carrying on. Stop please.
 
Taken a more detailed look at what I've got following builders' re-quote and my conclusion is it's definitely not enough to do loft now after mortgage, and I don't think it's worth leaving a bit of mortgage outstanding to potentially pay for it, as it would still be quite a lot if we wanted to have a safety buffer (at least 10% extra for fuck-ups and 'we might as well do that while we're at it' plus a enough to decorate bedroom and fit and decorate a bathroom). Unless financial adviser has a very good reason I think that makes it a firm case to pay off 100% and then have a think about what we do with the rest intelligently.
 
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