Renting IS Cheaper Than Buying

[King Cnvt]

Threaded has been going back in time over and over again and buying and selling the same 3 bed semi. Clever man.

[Bagpuss]

We've just been thro' the biggest property boom in history. Don't tell me you didn't exploit that?

I was too busy paying of my mortgage to be gambling on the BTL market. the gains over the last couple of years will soon be wipped away.
It will come around again for those who are patient, as it always does.

[sasguru]

I was too busy paying of my mortgage to be gambling on the BTL market. the gains over the last couple of years will soon be wipped away.
It will come around again for those who are patient, as it always does.

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

[King Cnvt]

I'm buying in Iraq. When the war is over, I will own 90% of the country for a fiver.

[Bagpuss]

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

I'm lost for words, and almost emotional

The problem with many of those countries is the vagaries surrounding ownership and the underlying criminal elementski

[Francko]

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

Arriving a bit too late I am afraid..... check out the prices in Tallin or Vilnius...

[mace]

Arriving a bit too late I am afraid..... check out the prices in Tallin or Vilnius...

I've been to Tallin - great city. It's small enough to walk around. Old town in the middle with modern shopping centres just outside the centre. Beach is about 15 minutes away. If you go, don't bother with the city centre nightclubs/bars - 90% full of IT contractor blokes looking for gash. All the locals go to the clubs in the suburbs.

Renting is cheaper than buying? What's that all about anyway? Whores are cheaper than wives. Nothing new there.

[sasguru]

I'm lost for words, and almost emotional

The problem with many of those countries is the vagaries surrounding ownership and the underlying criminal elementski

Wrong. There are few vagaries with ownership in most of the accession countries. And the criminal elementski are not interested in a guy who owns a couple of properties. My big tip is the Dalmation coast in Croatia. It is the new Riviera except better. It's hugely expensive by Eastern standards but not by London ones.

[_V_]

Wrong. There are few vagaries with ownership in most of the accession countries. And the criminal elementski are not interested in a guy who owns a couple of properties. My big tip is the Dalmation coast in Croatia. It is the new Riviera except better. It's hugely expensive by Eastern standards but not by London ones.

That's good, but how many people holiday in Croatia? After a quick bubble in prices as speculators rush in, does it have the draw from holiday makers and the infrastructure and flights to support a boom in tourists?

[sasguru]

That's good, but how many people holiday in Croatia? After a quick bubble in prices as speculators rush in, does it have the draw from holiday makers and the infrastructure and flights to support a boom in tourists?

Long term, old chap, long term. It has the fundamentals in place - an outstandingly beautiful coastline and short flights from Western Europe. If you wait for the infrastructure to be developed it will be too late.