How Much Money Have You Wasted On Rent?

nembot

reweird wrote: »

The bears and crashaholics often argue that renting is not dead money and that it is money well spent. Meanwhile in the cold reality of day in the sane World anybody and their dog can see that each month you pay down rent to a landlord, or for the man-babies on here, to mummy it is simply one less month you are away from paying down your own mortgage and owning your own home outright. But how much over the years have you personally wasted away paying someone else's mortgage?

w a n k e r!

nembot

The irony is, the turd who started this thread probably has an interest only mortgage, has never overpaid, has no mechanism in place to pay off the balance and would most likely not get a mortgage today.

Pobby

Of course renting is not dead money. Better than the gutter, totally free but can be damp. Said it until I am blue in the face. Why did my house increase in value around 350% in 10 years? Nutter land. Sorry, not value, price. Silly, unexplainable madness. Yes I did think that a severe housing crash would take place. Never counted on magic interest rates. As for the insults of man babies, those that accuse should get a life, grow up and see the real difficulties youngsters have in buying anything.

I have youngsters in my family near London. How in the world are they going to buy? Just because you live there does not mean that you can demand a huge wage. Yet before all this HPI insanity started. You could buy a 3 bedroom terrace for around £50k in the late 90`s.

Same place now maybe £145k.

OptionARMAGEDDON

Pobby, one of the most reasoned posts I have seen on here in a while.