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'Rent Is Dead Money' - Excellent Article For All FTB To Digest

2

Comments

  • THE_GHOULISH_CODPIECE
    THE_GHOULISH_CODPIECE Posts: 106 Forumite
    FATBALLZ wrote: »
    As is renting the prostitute. However the benefits of being able to ditch them after one night as opposed to owning a wife cannot be denied :)

    But you pay for it either way.
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    THE_GHOULISH_CODPIECE wrote: »
    But he is absolutely correct. Especially when he says "owning a home provides a physiological sense of stability, adulthood and independence". This explains the crazies over on HPC, visa vie they are all physiologically damaged.

    vis-à-vis*
  • CRASH_BANG_WALLOP
    CRASH_BANG_WALLOP Posts: 661 Forumite
    THE_GHOULISH_CODPIECE wrote: »
    All right-minded intellectuals on here already know this but it seems some people prefer paying off their landlords mortgage not their own. If you are a young couple or a FTB then please do not listen to the crazies. This excellent piece of literature will help you get that first crucial step on the ladder. http://www.propertyinvestmentproject.co.uk/blog/renting-is-dead-money/ Mods please sticky.


    old cod head is running scared
    Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    http://www.youtube.com/watch?v=xmelTlEzI34&feature=fvw
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 17 December 2010 at 10:09AM
    'Rent Is Dead Money'

    maybe it is or maybe it's not.

    but it's not dead money to the landlord who's getting his investment paid off by the tenant.
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    maybe it is or maybe it's not.

    but it's not dead money to the landlord who's getting his investment paid off by the tenant.

    Getting the 'investment' paid is not the same as making money from it.

    Ask the 1000's of people who bought flats at Gateshead Quays :P
  • THE_GHOULISH_CODPIECE
    THE_GHOULISH_CODPIECE Posts: 106 Forumite
    chucky wrote: »

    maybe it is or maybe it's not.

    but it's not dead money to the landlord who's getting his investment paid off by the tenant.

    You've got to admit that you can't fault these ghouls for their generosity to their landlord, by all accounts a complete stranger. If only they didn't wish economic hardship, unemployment, homelessness, and ruin on all other hard-working families.
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    chucky wrote: »
    maybe it is or maybe it's not.

    but it's not dead money to the landlord who's getting his investment paid off by the tenant.

    Getting his IO only mortgage payed off while the value of the property withers away. Renting is like having an IO mortgage that you can walk away from whenever you like, probably to buy you're own place at a hugely reduced price.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Orpheo wrote: »
    Getting his IO only mortgage payed off while the value of the property withers away. Renting is like having an IO mortgage that you can walk away from whenever you like, probably to buy you're own place at a hugely reduced price.

    Not all landlords have an IO mortgage though, of course. Also not all property prices have fallen in value in recent times so there is no guarantee of getting somewhere at a "hugely reduced" price.
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    guarantee.jpg
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