is renting a good idea!?

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31-01-2009, 10:25 AM

#41

dojj

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you orbioulsy need to reserach the location before you move there, that's to be expected, if it turns into a shithole afterwards then it's not something you can have forseen

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31-01-2009, 11:12 AM

#42

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Quote:

Originally Posted by pa_sjo

Really? I'm not so sure you do know. If you buy a £200k house today and you lose £20k on it in the first year then i'm not sure how that's in any way advantageous to someone who spends that same year renting for half the cost and then buys a similar "£200k" house, for £180k. My sums say that house just cost him/her £190k, not the 200k you paid. That IS 'the longterm'.

You havent factored in interest rates