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  • 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.

  • So much this. Based on the past 12 months, every penny spent on the mortgage has been offset by a two penny capital increase in the house value.

    Every penny we ever spent in rent is dead money.

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