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Debate House Prices


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Rent money is dead money

tod123
tod123 Posts: 7,021 Forumite
in Debate House Prices & the Economy
Heed my warning, thank me later.
«13456789

Comments

  • Jim_B_3
    Jim_B_3 Posts: 404 Forumite
    Food money is dead money.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Life Insurance is dead money.
  • Procrastinator333
    Procrastinator333 Posts: 1,694 Forumite
    tod123 wrote: »
    Heed my warning, thank me later.

    No, it really isn't. Thank me later.
  • tod123
    tod123 Posts: 7,021 Forumite
    Jim_B wrote: »
    Food money is dead money.

    grow your own glum jim
  • tod123
    tod123 Posts: 7,021 Forumite
    The benefits of buying a house

    • you slowly build equity over time- it’s not money down the drain
    • statistics show that property doubles in value over 10years
    • owning a home provides a physiological sense of stability, adulthood and independence
    • it’s easier to get loans because you have collateral
    • once you buy a house, it’s easier to gradually upgrade to bigger and/or more expensive homes
    • let’s face it, it’s appealing to the opposite sex
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Not if you're a landlord. Renters with no idea that they can buy a place for less are funding your retirement.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tod123 wrote: »
    • statistics show that property doubles in value over 10years

    I doubt this is true, but even if it has been, I think it might just be tested over the next couple of decades.
  • Jim_B_3
    Jim_B_3 Posts: 404 Forumite
    Tod, seriously, everyone here has heard it all a million times before. Save it.
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    surely rent money pays for te roof over your head and shelter is one of lifes basic needs so how is it dead money??
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • tod123
    tod123 Posts: 7,021 Forumite
    Everyone get motivated to buy
This discussion has been closed.
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