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Debate House Prices
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Buying Cheaper Than Renting in 75% of UK
Comments
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hamish_mctavish wrote: »indeed.
But every year spent renting is another year of expense before becoming rent/mortgage free.
Gibberish.
If rent % = mortage interest rate it makes no difference.0 -
Whats the picture for interest only mortages?
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Given that interest rates are at 0.5% the only thing astonishing about this article is that only 75% of people are better off buying than renting. It just goes to show that only such low interest rates are supporting house prices.
I wander what the study would show if interest rates were at their 20 year average of 6%.0 -
for crying out loud.......... can someone let Wookster know that mortgage interest rates aren't 0.5% please?Given that interest rates are at 0.5% the only thing astonishing about this article is that only 75% of people are better off buying than renting. It just goes to show that only such low interest rates are supporting house prices.
I wander what the study would show if interest rates were at their 20 year average of 6%.0 -
for crying out loud.......... can someone let Wookster know that mortgage interest rates aren't 0.5% please?
No point.... He'll only forget it again in 3 seconds.
All these bears have the memory of a Goldfish.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Can someone let chuckles know that if the base rate was not as low as it is, mortgage rates would not be as low as they are, several hundred thousand homeowners would not be saving a wedge each and every month, and therefore, this story would never have even existed.
Mindyou, on saying that, I'm pretty sure he's just pretending to be completely backward as he's lost for anything else to say in response to wooksters, very obvious point.0 -
errrr no... how many people are on nice and juicy trackers.... get some real numbers instead of the fabricated ones off here...Graham_Devon wrote: »Can someone let chuckles know that if the base rate was not as low as it is, mortgage rates would not be as low as they are, several hundred thousand homeowners would not be saving a wedge each and every month, and therefore, this story would never have even existed.
no... the backward one is you...Graham_Devon wrote: »Mindyou, on saying that, I'm pretty sure he's just pretending to be completely backward as he's lost for anything else to say in response to wooksters, very obvious point.
can you bring out that YoY graph that you don't understand again please:rotfl:
ps... how come you were picking up ISTL and Hamish up the other day about mortgage rates not being cheap at the moment... you're becoming even more of a complete utter toolGraham_Devon wrote: »mortgage rates would not be as low as they are
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so you can't get any numbers of these people that are saving this 'nice wedge' then...Graham_Devon wrote: »Oh dear.
People on SVR's also, saved a nice wedge
i never realised that SVR's were at 0.5% now... which bank is offering that then?0 -
Procrastinator333 wrote: »Gibberish.
If rent % = mortage interest rate it makes no difference.
Not if you have a repayment mortgage. After 25 years you'll have no mortgage to pay, if you rent you'll pay rent forever.0
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