it's
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The crash nobody heard about?
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Originally posted by scooterscot View Postthis is not an argument, its clearly a contradictionI've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
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just done some sums
The flat I'm renting for £200/wk is valued at £375,000
If I was going to buy it I'd have to put down £75k deposit, get a 6% mortgage of three times my rent, and pay it for 20 years.
If I was only prepared to pay the same £200/wk, it would never get paid off because the outstanding interest would keep getting bigger.
How is that right?Comment
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Originally posted by thunderlizard View PostThe flat I'm renting for £200/wk is valued at £375,000
If I was going to buy it I'd have to put down £75k deposit, get a 6% mortgage of three times my rent, and pay it for 20 years.
If I was only prepared to pay the same £200/wk, it would never get paid off because the outstanding interest would keep getting bigger.
How is that right?I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
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arguement
The alternate spelling of the word 'argument' in British English, as with 'judgment' and 'judgement'.
For the sake of the arguement, let us say that he is a potato.
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Originally posted by Francko View PostThat sounds like you are not paying your fair share of rent. I'd say the rent in that price range being more like 300 pw. However, still your considerations apply, although to a less degree.
The whole issue at the moment is that renting at current prices can be cheaper than buying at current prices, simply because so many people have property available to let. Rental prices are also governed by supply and demand - but they are not necessarily shackled to property prices! It would be ridiculous to assume that just because a landlord pays £x mortgage a month, he should make the rent equal at least £x. Yes, it's nice if he can (i.e. if the local market allows) but 'fairness' doesn't come into it.
Or maybe I missed your point, and you have knowledge of the rental market in that area for that type of property.Comment
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FFS! Renting is dead dollars. And, as a previously long-term renter, I can say, without fear of contradiction, that all BTL landlords are numpty tw@ts, bumrags, tramp's foreskin knob cheese, and foul-smelling dog eggs. Never, never would I want to assist such a greedy, evil, corrupt sh1thouse bog scraping pay off their mortgage again. The lice.Comment
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Originally posted by Zorba View PostOr maybe I missed your point, and you have knowledge of the rental market in that area for that type of property.I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
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