Owning your own home

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hoefla

@ChainBreaker
bullshit article...

The media rent per month in London is £2,109 compared with the average monthly payment of £3,337, according to an analysis by Zoopla, a property firm.
To own a home in the capital thus costs around £15,216 more per year than renting, a difference of around 46 per cent.

Apart from the amusing media rent typo, they aren't comparing like for like. People tend not to get mortgages for rooms and not many people rent bigger properties. It's meaningless.

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Soul in reply to @hoefla

It also doesn't account for increases (or decreases!) in house prices.

Even if you do pay £15k more than rental a year (unlikely), theres a high chance your flat or house will have increased in value by more than that amount.

Considering interest rates are so low at the moment, you'd likely get sweet fuck all return from saving it as well.

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