You are better off renting now

[DimPrawn]

http://www.dailymail.co.uk/pages/dms...page_id=8&ct=5

The financial benefit of buying a home rather than renting over a 25-year period has tumbled by 75% over the past year – with tenants better off than owners in half the UK's regions.

The latest annual Rent vs Buy index compiled by High Street bank Abbey shows the 25-year saving from buying rather than renting has fallen from £24,000 last year to just £5,811 today.

Rising house prices and higher interest rates have left Abbey's theoretical homebuyer worse off in six of the 12 British regions surveyed.


Not a lot of people know that.

[moorfield]

Why is this not in the new Daily Mail Reader bored I suggested ?

[DimPrawn]

Why is not in the new Daily Mail Reader bored I suggested ?

I'm awaiting the mods to create one.

HTH

[NoddY]

Why is not in the new Daily Mail Reader bored I suggested ?

Because suggested me not for it came went yesterday.

[Bagpuss]

that's because the buy to let gurus are subsidising rents on their guaranteed equity rise investments using their sub prime fixed for 2 years loans

[sasguru]

http://www.dailymail.co.uk/pages/dms...page_id=8&ct=5

The financial benefit of buying a home rather than renting over a 25-year period has tumbled by 75% over the past year – with tenants better off than owners in half the UK's regions.

The latest annual Rent vs Buy index compiled by High Street bank Abbey shows the 25-year saving from buying rather than renting has fallen from £24,000 last year to just £5,811 today.

Rising house prices and higher interest rates have left Abbey's theoretical homebuyer worse off in six of the 12 British regions surveyed.


Not a lot of people know that.

What a load of bollocks. The difference is that after the 25 years you have a paid-for property that will almost certainly have a much higher value than 25 years ago.

[sasguru]

that's because the buy to let gurus are subsidising rents on their guaranteed equity rise investments using their sub prime fixed for 2 years loans

Lets all bow to the infinite wisdom and knowledge of Baggy, the world's biggest property and BTL expert.

[Bagpuss]

Any fool (you included) can make money under massive expansion of the money supply, they cannot under a contraction, which is now happening.

[DimPrawn]

What a load of bollocks. The difference is that after the 25 years you have a paid-for property that will almost certainly have a much higher value than 25 years ago.

Are you suggesting that the Daily Mail is bollox?

[alreadypacked]

Lets all bow to the infinite wisdom and knowledge of Baggy, the world's biggest property and BTL expert.

I think it takes more than drooling over Sara to become an expert.