Not quite that black & white.....Rent is much lower than a mortage, and your first 5+ years of a mortgage is also money gone.Originally Posted by somebody
You are also responsible for your repairs, rented get free double glazing, central heating, repairs included, etc,
You also have the convenience factor of being able to move when you want without paying a bank fine.
...and on top of that, 10,000's are now trapped in mortgages paying 15%+ over the odds.....and many of those will be losing jobs, and lose the house, and all payments.
Plus when paying rent, with councils, and some housing associations, after a set number of years you can buy the property at a reduced market rate of up to 40% in some cases.
