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Debate House Prices
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Buyers Who Will NEVER Own Their Homes
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Running_Horse wrote: »This one shows what can go wrong...£115,000 for a 30% share.
http://www.rightmove.co.uk/property-for-sale/property-32125902.html?premiumA=true
Two children living in a cramped third floor flat (no lift?) with filing cabinet and cot in the main bedroom. Maybe they can trade up to a SO house?
Would terraced houses really have used much more land? There are excellent bus and rail links nearby.
Interesting fact of the day, we have the exact same nursing chair in picture 6. It's specially designed to crush your fingers whenever you move it. Yesterday I nearly lost a thumb and threatened to burn it.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Problem with these ‘subsidised rents’ on the unearned share is that they are often barely below market rents on new schemes – and can rise by RPI (or more) each year irrespective of how local rents actually move. So if you only buy say 50% you could end up with a huge rent in retirement rising by inflation and more each year.
Who will pay the rent in retirement if you only have a state pension – the taxpayer presumably?0
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