Renting IS Cheaper Than Buying

[weboo]

Been a while since I visited this and was interested in the very topic only a year or two ago. I sold the house amid many rumours of interest rate rises and put all my equity into a 6.30% savings account. Bonds were crap. BTL was looking dogdy after working on a gig at a mortgage company, they knew something was coming like we see now.

http://www.icesave.co.uk/ will allow you to put 100k in there and will pay you after tax each month or year(you choose) the interest. If you have some eq, and you can split it(an account or IFA can tell you how) then you can get(get my calculator) 6300 a year each if you have 100k....thats 12000 b4 tax(take away 20% or so) if 200k

Yeah where I live is cheap, but I'm keeping my hand close to my chest and am hopin for a crash man then I'll buy a whole street or my own postcode.

[brownie74]

Bulgaria

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.

You can get brand new luxury apartment over there for about 50K GBP

They are advertising a lot in European countries. I haven't seen any adverts in the UK though

[MrMark]

London falling

If the climate change gloom merchants are in any way correct, sea-levels are forecast to rise any time now. If so, what happened in Gloucester this summer will seem like a small puddle, and guess what, London will be the next New Orleans. So the young house buyer looking for long-term gain has to decide which major city will take over the world financial market stuff. Frankfurt? I'm not sure, but won't this city be prone to flooding too? Plus, prices are already high there. We could be looking at Madrid, Jo'Burg or maybe one of those Andean cities.
For what it's worth, none of the housing markets seem to factor in potential sea-level rises, so I personally have my doubts.

[_V_]

If the climate change gloom merchants are in any way correct, sea-levels are forecast to rise any time now. If so, what happened in Gloucester this summer will seem like a small puddle, and guess what, London will be the next New Orleans. So the young house buyer looking for long-term gain has to decide which major city will take over the world financial market stuff. Frankfurt? I'm not sure, but won't this city be prone to flooding too? Plus, prices are already high there. We could be looking at Madrid, Jo'Burg or maybe one of those Andean cities.
For what it's worth, none of the housing markets seem to factor in potential sea-level rises, so I personally have my doubts.

Buy a house boat.