when does renting become cheaper?

towanda

I agree with the above - there are a lot of qualitative reasons why buying is better than renting for certain people aside from the pure numbers- I, for example, hate renting, have had lots of bad experiences with it and can't wait until I can buy to have my own place, which I can decorate, fix any issues on my own timescale, change the locks and feel secure in (almost there with the deposit and hopefully will be buying next year - but that's OT)

Other people find that renting suits them for various reasons and that's great for them - whether it's flexibility, short term solution, or maintenance taken care of etc (assuming you have a responsible and proactive landlord). I do agree with the poster above who said that you can't call renting dead money any more than you can describe money spent on a restaurant meal as dead, but if you would rather buy than rent, but can't, it really does feel like 'dead money' that is paying off someone else's mortgage instead of your own, all for the want of a deposit.