Originally posted by AtW
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Reply to: Wake up call for AtW
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Previously on "Wake up call for AtW"
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Originally posted by DimPrawn View PostHow about this?
10 bedroom house for sale in Somerset Road, Edgbaston, Birmingham, West Midlands, B15
Plenty of room for a sofa and a box of squirrels there.
No thanks...
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How about this?
10 bedroom house for sale in Somerset Road, Edgbaston, Birmingham, West Midlands, B15
Plenty of room for a sofa and a box of squirrels there.
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Originally posted by AtW View PostThere is more sage in my roast chicken stuffing than in this thread.
Got advance notice of landlord visit "to check flat for insurance purposes", nicely put - guess buying a house has got some advantage
I still got no sofa - will just have to say I bought it in DFS last year
certainly where I live renting is a mugs game
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Originally posted by AtW View PostThere is more sage in my roast chicken stuffing than in this thread.
Got advance notice of landlord visit "to check flat for insurance purposes", nicely put - guess buying a house has got some advantage
I still got no sofa - will just have to say I bought it in DFS last year
Will he go round with a white glove looking for stains?
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Originally posted by OwlHoot View PostAnd yet AtW, with his paltry 10 years experience, if that, spurns all our sage advice.
Got advance notice of landlord visit "to check flat for insurance purposes", nicely put - guess buying a house has got some advantage
I still got no sofa - will just have to say I bought it in DFS last year
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Originally posted by Kanye View PostMy point was it's not a fair comparison. Buying on interest only might look cheap now, but increase interest rates by 1 or 2 points and the picture is very different.
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Originally posted by DimPrawn View PostBuying a house is cheaper than renting - Yahoo! UK & Ireland Finance
It was 38pc cheaper to buy a typically first-time buyer home than to rent one in Walsall, while typical rents were 35pc higher than mortgage payments on a two-bedroom home in Birmingham, based on an interest rate of 5pc.
Will he ever learn?
And yet AtW, with his paltry 10 years experience, if that, spurns all our sage advice.
So in short the answer is, no.
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Originally posted by Ignis Fatuus View Post"... according to property website Zoopla.co.uk." Unbiased source, then.
Oh, and it compares rentals to interest-only mortgages, without taking into account any other costs of owning vs renting.
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Originally posted by Ignis Fatuus View PostThat is already part of the given calculation, not an additional point as I was making.
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Originally posted by Kanye View PostIn the longest period of unchanged low interest rates since the 1930s....
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Originally posted by 2BIT View Postto me its a no-brainer I rented for years and since buying my flat have had the same outgoings and I'm not on an interest only so it was either pay someone elses mortgage or pay my own. plus the other thing about renting is if you get evicted it is almost impossible to get your deposit back before you're required to put a deposit down for a new place so you need ready capital which can be over a grand
from a purely financial point of view (at least where I live) renting is lunacy (I did it for 8 years!)
I own (on a mortgage), but for non-monetary reasons, not because I thought it was a good deal. I paid 20% deposit and then have to pay over twice the equivalent rental amount in mortgage. Admittedly if I could find a lender to give me a good rate on a 100% mortgage lasting until I'm 85 then it would be better!
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to me its a no-brainer I rented for years and since buying my flat have had the same outgoings and I'm not on an interest only so it was either pay someone elses mortgage or pay my own. plus the other thing about renting is if you get evicted it is almost impossible to get your deposit back before you're required to put a deposit down for a new place so you need ready capital which can be over a grand
from a purely financial point of view (at least where I live) renting is lunacy (I did it for 8 years!)
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