Owning your own home

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Dammit in reply to @NickCJ

I pay £306/quarter to rent an identical garage a little further down the row from the two in question.

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NickCJ in reply to @Dammit

Ok, so £100 pcm or £1,200 / year. Depends what your personal cost of capital is but £20k sounds like bargain to me (6.1% imputed post tax return).

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plantasia in reply to @NickCJ

Plus lower car insurance premium and higher car resale value and of course the luxury of having a garage to work in/waste time during the next lockdown
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Dammit in reply to @NickCJ

1.19% interest on a 40k loan from HSBC to buy them, if that makes a difference to your calculations

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