Renting or Buying?

daveyboy · #41 12-02-2006, 05:04 PM

Quote:

Originally Posted by Tashjbj

I wouldn't really go with this option, I know someone who did this and although it sounds like a perfect scheme you pay a mortgage and rent!

Erm yes.......... but you pay 60% of a mortgage and 40% of a rent charge, so when you finish you own 60% of a house instead of renting where you own 100% of nothing.

TheseDays2005 · #42 12-03-2006, 12:50 AM

Quote:

Originally Posted by daveyboy

Erm yes.......... but you pay 60% of a mortgage and 40% of a rent charge, so when you finish you own 60% of a house instead of renting where you own 100% of nothing.

and nowadays it wouldn't be the smartest choice to pay-off a house 100% over 20/30 years....

Renting or Buying?

NBJ - Everything Else