Thread: Renting ??

Where's the poll option for "Hoping to own in 30 years after paying double the original amount to the bank?"

Originally Posted by nic

Hi
Reading about all these great workshops people have built, I'm wondering if everyone owns their house or if they are poor and rent like me.
If they do rent do you setup a decent shop without dreading the day the landlord kicks you out and you have to move all the toys ... err.. tools.

Nic

We own a house but live in a house we don't own.
I have a good shop (bit too small) but dread the day when its time for us to move on. But the other option is do nothing.....

I guess it depends on the passion and drive that you have for woodworking.
My wife and I rent and have set up quite the workshop down stairs. The only thing that we have not headed into is having a ducted dust collection system.
We both love our woodworking and play in the workshop every weekend. I also spend a fair bit of time in there each morning before work.
Of coursed I dread the day that we have to move all the equipment but that is why we pay a removalist.
If you love the work get amongst it.

A quote I once heard goes something like "planning kills passion". In other words if you have to think too much about pulling out and setting up all the tools you soon lose the inspiration to create....
Enjoy the hobby, thats why we share it.
Cheers
Tom

Yep, I've got only 11 days of renting to go. Then we live in a house owned by our friendly bank manager! At the moment I don't even have a workbench, so when I want to work I have to back the cars out, set up my little foldable bench, drag the tools out and move around the rest of the stuff stored around the garage.

Ahhh...... my double car shed (with a large work bench) is just days away!

I suspect that like most people, we own a bit of our house and the Bank owns the other bit

Originally Posted by I_wanna_Shed

Yep, I've got only 11 days of renting to go.

And just who is counting??

I own (along with the bank) the house I am currently in, But find my self in the position of making a decission as to if I should sell up where I am to clear my debts and rent for a while.. or simply stay here.

The thought of being at the mercy of some-one else AND having to relocate my machinery is tending to sway me toward the "stay here and tough it out" side of the decission making process. :confused:

Where's the option for people that don't own the place but aren't paying rent either?

Yeah, where's the option for "Have been bludging rent-free in the parent's house for the last two years but as of today will be renting the same house from someone else for 6 months having convinced the parents to sell up and build a bigger house with a bigger shed on a bigger block in a cheaper area"?

SilentC,

I was wondering why you were not stressing out at the prospect of moving your family into a tent on your new block. Mind you, having spent several years of my life living in tents, I know that camping has its charms, but not with two young children.

Rocker

I did float the idea of living in the shed for the duration. There are two problems with the idea. One of them is my wife. The other is the local council. For some reason, neither of them believe that living in a shed, no matter how temporarily, is acceptable.

So, we get to be tenants in the house that my family has owned for more than 30 years. Still, at least we only have to move once...

The bank tells me that they own this place, except when the rates arrive and it becomes mine until they are paid.
I like the idea of a tent, especially with the kids, when it becomes a grot hole you can just lift it over the mess and start again.

Yup Im paying rent to the bank too, never will own it sell it before then!
Got a plan, SWMBO is currently becoming a near top level chef(doing a 2yr course,4 mths in) Im trying to finish renovating ready to sell... pay off all dedts(car/house/CC/personal loan)become dedt free with a deposit for new house.
SWMBO hopefully find job earning as much or more as I do currently(anywhere pref on the coast somewhere)I'll be resigning from current job taking a part time job and home duties, and start making wooden products for a bit extra cash!
Should make good profit on the house paid 40 sell 150-160.

Nic,
we (mostly) own our place, been here almost three years. Hope to buy out the bank's share in the next few years . Lived in a rental belonging to friends who were working overseas for 5 years prior to this, had a workshop underneath of about 80 sq M. When we moved to our current place I had to hire a crane truck to shift all my timber, tools, hardware & machines. I'm never moving again! Prior to that I lived in 9 different rentals in 8 years. All my gear was either in toolboxes in a ute, a tool trailer and a small 6M x 3M shed I rented. Although at one stage I was renting a 100M2 shed. Ireckon I've wasted about 6 months of my life in the last 15 years moving tools and timber around :eek: . I reckon I've now got twice as much as I did 3 years ago so when I leave it will have to be feet first!

Mick

Renting, renting, renting. Pros are not being tied to the bank and afraid of losing a job, cons are not being able to provide the kind of environment I'd really like for my children. Mortgages really are a rip-off, but it still irks me to pay the man every month. Can't have it all your own way, I guess, especially when you're a professional under acheiver. C'est la vie.

I do what I want with the landlord's shed. He does what he wants with my money. Fair deal, I says.

Regards,
Rusty.