Questions And Answers
Property: to rent or to buy
asked by Roger Gerson posted 3 Years ago at 15:37
Hi all, i am abit naive when it comes to financial matters, but i have found myself in the happy position of having enough money to move out of my parents house and either buy or rent my own place. My question is simple. Given the current financial situation, is it more advisable to rent or buy my own property and get a mortgage? Thanks for any help...
1-3 of 3 Answers
Karen Walker answered 3 Years ago at 14:14, last modified: 2 Years ago at 14:56Hello, Sorry I have only just joined so have only been able to reply today. If you still need an answer please re-post and i will be glad to assist. Regards
Stephen Pett answered 3 Years ago at 20:05, last modified: 2 Years ago at 14:56If the FSA get their way and cut out 46% of people from ever getting a mortgage, prices will plunge. But if you are one of the 46% - you may never get another change to buy!
Andrew Diver answered 2 Years ago at 18:39, last modified: 2 Years ago at 14:56Property is a finite commodity. The trend is for it to rise in value and outstripe inflation in the long term.
So if you have a long term view, with investment returns relatively low buying seems preferable. Short-term might be a different story.
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