Soldato
It helps some renters who want to buy but have trouble getting a deposit. Can't solve every problem with one action.
But hey, find the negative why not.
But hey, find the negative why not.
No and I'm not really expecting a business to resolve this problem (since they have an incentive not to), however I'd much rather continue to highlight the gross lack of new housing which would do far more to increase a persons likelihood of getting one.
Soldato
Except the houses the built are flats more that actual houses. Shoebox flats….
I'm sure there's a viable middle-ground between pod hotels and Victorian room sizes, but yes they are ******* quality which is very uhh (un)funny considering the huge swathe of 'regulation' over it that is apparently stopping new houses being built.
Soldato
You are better off buying a old Victorian house and just renovate it
Nasty habit of burning to the ground around here... very odd.
Soldato
What do you mean
Soldato
Like when old pubs and other listed buildings seem to burn down mysteriously before turning into a 3 storey block of flats.
Just the trope about otherwise entirely functional Victorian/Edwardian buildings getting mysteriously conflagrated and totally coincidentally replaced by student flats.
I don't agree with this.
Owning has been cheaper for me.
If you include paying yourself the proportion of the mortgage that is equity increase it's vastly cheaper.
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Round here they just build houses and no infrastructure. Doctors are a nightmare.
I'll be paying close attention to where I move next. Hopefully an area not good for commuting so less likely to build houses with a decent amount of infrastructure.
Building houses is not enough.
Soldato
I was going to say in Monmouthshire, right on the river severn where I live there's new sites popping up everywhere. 280+ plot developments as well not small ones. Yet no changes to already congested roads, no new schools, doctors or anything though.
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Oh yeah youre right in the commuter belt for Bristol. Monmouthshire is a lovely county. Just ripe for house building bonanza
Soldato
Never ever is there a advantage of renting instead of buying.
Never ever!
Buy as soon as possible!
I dunno about that, it's advantageous for people who move a lot which as there is a very heavy incentive to switch jobs frequently because company loyalty is a dead concept I imagine there is probably a growing (if small) cohort that now considers it normal to effectively have no roots.
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Soldato
think you need to check those development figures......
Soldato
Nah .my lifetime property bill is 44k giving an equity of 350k, all your doing renting is paying for someone else's mortgage and a wedge for them on top
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I rented a small 2 bed end terrace house for 8 years at £925 a month (weirdly, that rent never changed)
I pay a mortgage of £1093 for a 3 bed semi.
£168 a month more and I'm paying off something I actually have a stake in.
I pay a mortgage of £1093 for a 3 bed semi.
£168 a month more and I'm paying off something I actually have a stake in.
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As a like for like, you should compare your capital repayment and your interest payment. At a guess though, your interest is around £400/month so your comparison would be renting costs you £925/month whereas the mortgage costs for £400/month as you're in effect renting from the bank instead.
Soldato
280+ plot developments
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