Buy or live mortgage free?

[Cyberman]

£500k in a savings account at just 7% (you could diversify and get better) would give you £2.5k interest a month.....or more.......for ever.......

there is that little thing called tax that you seem to ignore

[tim123]

is that what happened in the last housing crash?

No, it's a bigger drop than last time

HTH

tim

[NetwkSupport]

there is that little thing called tax that you seem to ignore

tax is for lesser mortals

[oracleslave]

tax is for lesser mortals

That's what Al Capone thought.

[Platypus]

The obvious answer is to live rent free for as long as possible, and save save save. The housing market is yet to bottom out, that's going to happen over the next couple of years, by then you'll have a sizable deposit to put on a cheaper house.

WHS

[oracleslave]

Do they always give you syphilis when they lock you up for tax evasion?

I can't remember, it must have gone to my brain.

[DimPrawn]

there is that little thing called tax that you seem to ignore

Not a problem if you are a Non Dom and you put the money in an offshore account.