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Debate House Prices
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Well considering that was biased to say the least is an understatement but basically you said rent was no more expensive than renting which for the purpose of this argument I will accept now show me renting is cheaper than living rent free.
Oh I'm sure p1212 could come up with an argument that Black is White if it bolstered his argument that paying rent is cheaper than being rent free. But he should be careful crossing the road.*
* apologies to Douglas Adams.0 -
AnotherJoe wrote: »Of course it isnt. Are you deliberately dim or just clutching at any straw ti disguise your foolish decision ?
Lets take a real example proving that, one involving you.
Someone bought that "not worth £315k" house when you didnt.
That someone, Mr Owner, is now lets say, going to buy a £515k house.
They sell the £315k house for £415k, redeem their £315k mortgage and use the £100k as deposit. Yes, that £100k, the £100k you said "is ALREADY GONE". Strangely though it pops up in their solicitors bank account perfectly usable.
Frankly I find it hard to believe anyone can be as idiotic as this, or that I'm even bothering to reply to such stupidity, so I'm done with your foolishness.
Like I said, the chappie's problem is that he's so dumb he doesn't realise it.0 -
1: I was talking only about the interest of the mortgage (the wasted money)
My entire repayment mortgage is lower than rent on an equivalent house and has been since I bought it.
Every penny of rent would have been wasted money in my case.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »My entire repayment mortgage is lower than rent on an equivalent house and has been since I bought it.
Every penny of rent would have been wasted money in my case.
He chooses not to understand that at current rates a repayment mortgage is likely less than the equivalent rent. If something doesnt adhere to his HPC religion it must be false.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Capital appreciation still does not change the fact that you don't have the slightest clue about the cost of renting vs the cost of ownership.
All you can repeat is 100K. Well let me tell you, that 100K is ALREADY GONE, due to the pound dropping 20%. Chick Norris just lost 20% on all of his houses.
Why are you all so happy?
As £100k is the only thing you agree I suspect it's far more anyway.
Any chance of a link to the place you liked? Like you say the maths is important - you need some help with it.0
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