Quote Originally Posted by Win2Win View Post

As for housing, government after government in this country always try to get people to buy houses. Why? The majority of other countries rely on renting. It is the mass purchase of properties that always results in a crash, regardless of who is in power. People forget that by having a mortgage of say £200,000 over 25 years, they will actually pay around £350,000 for the house, not including taxes and fees. (Based on 5%, which is what many banks are offering). A £75,000 house 25 years ago, would now be worth about £145,000. After all deductions the profit would be around £10,000. Not much for a 25 year investment.

Just my opinion but I'd rather have made 10K over 25 years than have lost 150K over the same period if I'd have been renting at £500/month