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Buying is £124 a month cheaper than renting
Comments
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What doesn't stack up is that yesterday you had lots of investments for your retirement and today you would be in a bedsit in retirement as you couldn't afford rent. Investments seems to have vanished overnight.
Your accounts of your life really don't stack up on many levels.........This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
How would I have invested anything while I have been paying £2,000 a month in rent for the last xx years?!
Instead, because I bought, I have all that rental money (which I would have had to pay, and lost) in investments ..... loads of it. This will pay for my cruises and suchlike as I don't have to fund a rent.
Had I, by some magic, had enough money left after rent to invest - that investment income will simply pay for my rent ..... nothing for cruises.
You really are struggling with this simple concept and truth, aren't you?Bringing Happiness where there is Gloom!0 -
I thought you were confused but now it seems like you are bordering on delusion.
Your assumption that people don't pay mortgages when they buy a house and invest that while renters are paying rent so can't invest sums up your whole argument. Its wrong.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
To the poster above who mentions that someone is retired in a multi-bedroomed detached HA bungalow ......... I would be shocked if such places exist - and for £70 a week? Hmmmmmmmm.
Even £70 a week is probably more than paying just maintenance costs if you owned - so, even that unlikely scenario falls short.
It seems buying is always better and always cheaper.
It's certainly a lot more believable that anything YOU are coming out with. I know of many housing association properties that are very nice, and some councils that bought estates that were originally built for private sale.
We have 3 estates near me that have such properties that housing associations took over from private home builders that went under; and a few of the properties *are* detached. Moreso the bungalows. And the rents go from £65 to £95 a week, depending on the amount of bedrooms. As I said earlier; (and as pixie has said,) basically, you refuse point blank to believe anything that doesn't suit your renter-bashing agenda.
And that poster who lives in a HA bungalow that was originally built for private sale said she lives in a TWO bed, not a multi-bedroom; once again MR REE, you are fabricating things and making out people said things that they did not.
Have to say; I agree with 'walcot;' everything that comes out of your mouth is fabricated, you change it to suit your argument, and you're just ranting and rambling.
So I will put it out there: I don't believe one single word you are saying. I don't even believe you actually own a property at all.(•_•)
)o o)╯
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What doesn't stack up is that yesterday you had lots of investments for your retirement and today you would be in a bedsit in retirement as you couldn't afford rent. Investments seems to have vanished overnight.
Your accounts of your life really don't stack up on many levels.........
:rotfl::T I noticed this too. I seriously cannot take one single word seriously that this man says. :cool:(•_•)
)o o)╯
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That makes no sense at all. There've been times in my life (when work kept moving me between NYC and LDN, for example) when renting was a far better choice for me. I own now, and prefer it, now, but renting in the past was a far better choice.
I even rented for a few years in the building where I've now bought. That was a good few thousand pounds a month in rent that I was paying, but it was not money wasted, it was money well spent being sure that I'd found a place where I'd be happy spending seven figures on a flat.
There is no conceivable way in which I could view the period when renting as meaning that I was a "slave".
You are wasting your time my friend. Mr Ree won't listen to ANY viewpoint but his own. No matter how much information or facts he is presented with that counteract his argument.
Waste of time arguing with such a narrow-minded, obnoxious, sanctimonious poster, who makes stuff up as he goes along, to suit his argument. :cool:(•_•)
)o o)╯
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:rotfl::T I noticed this too. I seriously cannot take one single word seriously that this man says. :cool:
That is just one of many :rotfl:
He also probably didn't read and/or understand the article he posted. Given that interest rates are at an all time low, that £124 is really stretching that saving over the long term. I would imagine that in the short to medium term renters would have more money to invest not less!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
You have completely missed the point. The rental increases over time does not mean that the cost of maintenance falls on the head of the tenant. The post that you quoted was in relation to tenants paying maintenance as landlords must make a profit.
My point still stands. If you are saying that the rental increases will cover this in the scenario I put forward then the investor is not very bright as s/he is sat on a property that has its returns tied up in capital yet it is being used as a long term revenue stream.
Property is a long term investment and it the long term the rent will cover the maintenance payments and provide a profit any capital growth is a bonus.0 -
Property is a long term investment and it the long term the rent will cover the maintenance payments and provide a profit any capital growth is a bonus.
No it is not long term. Stop trying to twist everything to suit your viewpoint. Plenty of property investment is short term - i.e. purely to recognise a capital gain with the rental being incidental to the overall strategy.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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