Agreed that any kind of renting is “Dead Money”
Dead Money must be avoided at all costs
Paying a landlord’s rent must be avoided
Paying a bank’s rent on it’s lent money must be avoided

Houses can therefore only be bought for cash.

So live with mum and dad until you’re 55. Then you’ve saved up enough to buy a house for cash, move out, start a family and live life to the full. At 57 your parents die, you inherit a house and wonder what on earth to do with it. Can’t rent it out, no one’s renting, it’s just Dead Money. And there’s hardly any buyers out there to get a decent sale price off.

So in a capitalist society most people earn more than a subsistance wage. There are loads of things we buy which are “Dead Money” which will never provide a financial return: Shoes, CDs, saucepans. But we buy them for the benifits they give. The rent / buy / stay at home decision is just the same, only taking a bigger slice of your cash.

2nd, If you run out of money the Bank takes your house away and you can wave goodbye to everything you have spent so far !

3rd, Something goes wrong when you rent you ring the landlord, doesn’t cost you a penny to get it fixed ! lucky you.

4th, Smart people rent.

Oh and 5th, get a divorce and the greedy bitch can,t turf you out cos she wants half the house.

6th, ’nuff said

If a woman doesn’t want to be with me just because I’ve not been fortunate to buy my own property then she can eff off!!! Who’d want to be with someone so materialistic! There are more important things in life than how much money you have got! Don’t most couples buy together anyway? Then everything is equal! I don’t what kind of women you go for but I wouldn’t go near any woman who thinks like that! These days most people can only afford to but as a couple and so I’d rather meet a woman who was also renting but looking to buy with a partner. Yeah it’d be great if we could all buy our own house on our own but unfortunately it’s not a realistic option for most people!

By what your saying everything I have to offer like my personality, looks, social standing, education, family, etc, etc, will prevent me from getting a decent woman if I don’t have my own home! I may as well go and kill myself now then eh?! :)

Rule #1 of buying is “buy the right property”. It’s a no-brainer, but a lot of people do buy the wrong property and get into the situation you just described.

But then again, if rent is £600 and interest is £700. Would you rent or buy, assuming you could afford the interest? Saving £100 a month- you’d only be saving £1200 per year. You’d probably make more than that with house price increases.

I think a lot of people have been in this situation and decided to rent. In the mean time, house prices kept increasing, and eventually so did rent because people can’t afford to buy. I think a lot of people lost out by waiting for so long.

Mortgage interest charges are also dead money; don’t give it to the bank. Rent, and put the excess in your pocket. Then, when you have enough in your pocket to break those interest fees even, buy.

I think you might find that’s what all those stupid people are already doing.

V