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-   -   Renting or Buying? (https://drycounty.com/jovitalk/showthread.php?t=37866)

daveyboy 12-02-2006 05:04 PM

Quote:

Originally Posted by Tashjbj (Post 710183)
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 12-03-2006 12:50 AM

Quote:

Originally Posted by daveyboy (Post 710370)
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....


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