Rent money is dead money

ViolaLass

tod123 wrote: »

I remember the feeling the day I purchased my first home , I just want you, and people like you, to experience that very same feeling. :cool:

That's very kind. Do you intend to do anything concrete to help me?

tod123

ViolaLass wrote: »

That's very kind. Do you intend to do anything concrete to help me?

I shall enthuse and motivate you out of your rut hun.

tod123

Buying is more cost-effective than renting in 80% of British cities and towns, up from 74% in July, according to property search website Zoopla.co.uk.

Procrastinator333

tod123 wrote: »

I shall enthuse and motivate you out of your rut hun.

I'm looking forward to this, fire away....

MSD1970

I moved to a new rented house earlier this year. My 'dead money' rent has, this year alone, provided me with a new roof, new double glazing and doors, new kitchen, a full gas service, (minor) repairs to my boiler, fixed a leaking radiator, new doors throughout the house, insulated the cellar ceiling and paid a generous decorating allowance.

I am very fortunate in that my landlord is a Housing Co-Op which looks after its properties very well, does not need (or desire) to make excessive profits, and takes great care to include the members in the community for the benefit of all. Our rents are remarkably low - or rather private (profit based) rents are excessively high.

I would argue that the interest on a mortgage is dead money, the buildings insurance is dead money, the cost of replacing worn out boilers and windows, kitchens, bathrooms and general upkeep of the property is dead money, the cost of estate agents, surveyors and solicitors is dead money.

Co-Operative Housing is the way forward. Houses should be seen as places for people to live in, not investments.

Procrastinator333

tod123 wrote: »

Buying is more cost-effective than renting in 80% of British cities and towns, up from 74% in July, according to property search website Zoopla.co.uk.

WOW. You can quote from another thread in the forum. Great.

At least thismeans you have now realised your initial sweepeing statement is tripe.

Now go read the other thread for the reasons why even that is too simple.

ViolaLass

tod123 wrote: »

I shall enthuse and motivate you out of your rut hun.

Ah, and there was me thinking I haven't bought because it isn't a financially prudent idea at this point in my life.

Silly me.

tod123

ViolaLass wrote: »

Ah, and there was me thinking I haven't bought because it isn't a financially prudent idea at this point in my life.

Silly me.

No, you are simply not realising your potential

Cleaver

49 posts on this thread? Really?

Well, 50 now I guess...

MSD1970

tod123 wrote: »

No, you are simply not realising your potential

Please!

Do you use crystals for that or do you sit under a pyramid?