Originally posted by Cyberman
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House price inflation apart, the choice is more or less arithmetically neutral. Of course it only compares if the renter puts aside a monthly amount corresponding to the buyer's capital repayment (interest and rent correspond).
I have thought about it, and although I do own a house (on a mortgage), I can't say that I am very enthusiastic about it financially. But then I bought it to have somewhere to live, not to speculate.
(PS as a contractor, why do I have a mortgage? Well, I have paid off a mortgage but that house doesn't belong to me any more).
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