A first-time buyer's story

[VectraMan]

My rent at the moment is £600 below what a mortgage would be on a smaller property. So I'm not buying...suprise that.

Same here. But you can't make some people understand that whilst rent is dead money, mortgage interest is much more dead money.

And you also can't make some people understand that their lives aren't ruined if they don't buy.

[Lucy]

The government gives no incentive for first-time buyers.

What? You mean take money from everyone else, which means others who aren't first-time buyers have even less chance of becoming first-time buyers.

Winker

(Not you BP, the first-time buyer whinger)

[Old Greg]

Same here. But you can't make some people understand that whilst rent is dead money, mortgage interest is much more dead money.

And you also can't make some people understand that their lives aren't ruined if they don't buy.

But really it's none of it is dead money. You get to live somewhere. It's kind of like saying that food is dead money.

[Churchill]

But really it's none of it is dead money. You get to live somewhere. It's kind of like saying that food is dead money.

Well done that man!

It's a cost of living!

[DimPrawn]

But really it's none of it is dead money. You get to live somewhere. It's kind of like saying that food is dead money.

But you don't own it. It would be like having your cake AND eating it, whereas renting is like eating the cake and not having it.

I think.

[Old Greg]

Well done that man!

It's a cost of living!

We've just sold up and are renting so I now need to justify the decision to myself (although it's not difficult at the moment).

[Lucy]

But you don't own it. It would be like having your cake AND eating it, whereas renting is like eating the cake and not having it.

I think.

You can't take it with you, prawn.

WB BTW, how is your sunburn?

[Sockpuppet]

Same here. But you can't make some people understand that whilst rent is dead money, mortgage interest is much more dead money.

Yeah. Especially as house prices are rocketing. Think of all the capital interest.

[DimPrawn]

You can't take it with you, prawn.

WB BTW, how is your sunburn?

I stood outside and all the cars lined up infront of me waiting for me to go green.

[EternalOptimist]

But you don't own it. It would be like having your cake AND eating it, whereas renting is like eating the cake and not having it.

I think.

No, ownership is like having your cake and eating it and having it. Renting is like having your cake and eating it. BTL is like not having any cake till tomorrow whilst someone eats your today cake.


Thats sorted.