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@Sharkstar
The other thing to remember in the rent versus buy equation is that, in the end, we die, and before we die, to borrow a phrase from John Cooper-Clarke, "Things are gonna get worse", in the sense that the quality of the experience that we have will deteriorate, because our mental and physical condition will deteriorate. The pound's worth of experience I buy today will be worth more than the pound's worth of experience I buy in ten year's time, and if I live that long, I probably wouldn't be able to give away any quantity of my experience at 90.
So the money that people tell people who rent that they are "throwing down the drain" may in fact be a wise investment into a rich quality of experience I'll never have again; and the money that those people 'save' into their homes may turn out to be the worst investment of all: daytime TV, a faint smell of piss and both bars on being more or less the same rented or owned.