[Bruce Banner]

bb7t6, on 18 November 2010 - 11:06 AM, said:

Wouldn't mind finding a £350k house that I could get for £933 a month, I'd sell up and rent! Unfortunately most houses worth £350k tend to rent out at £1300-1500 a month.

I pay less that £933 a month rent, £350K house, south east, top area .

[cakehead]

bb7t6, on 18 November 2010 - 11:06 AM, said:

Wouldn't mind finding a £350k house that I could get for £933 a month, I'd sell up and rent! Unfortunately most houses worth £350k tend to rent out at £1300-1500 a month.

Agreed.

[cardiffone]

Bruce Banner, on 18 November 2010 - 11:10 AM, said:

I pay less that £933 a month rent, £350K house, south east, top area .

which is more than the mortgage on my 350K house.... and of course the capital is being paid off out of that....

[Dr Renter]

Bruce Banner, on 18 November 2010 - 11:08 AM, said:

Where did the £800pcm come from?

Ask Redhat Sly, but I suppose sums aren't his strength either.

[bb7t6]

cakehead, on 18 November 2010 - 11:11 AM, said:

Agreed.

...but hey this is the Internet, where we can make all sorts of unsubstantiated claims of 'fact' to underpin our argument that can never be disproved.

I have a huge ***** by the way. Fact.

[Dr Renter]

bb7t6, on 18 November 2010 - 11:06 AM, said:

Wouldn't mind finding a £350k house that I could get for £933 a month, I'd sell up and rent! Unfortunately most houses worth £350k tend to rent out at £1300-1500 a month.

Spot on. Bruce obviously lives in that fabled place "round my way" where things are all rosy and the poster is significantly better off financially than would be expected if he lived anywhere else in the country.

[Bruce Banner]

Hmmm, there seem to be a few worried estate agent types posting on this thread .

They try to pick holes in my figures and when they fail they suggest I'm lying .

[bb7t6]

If renting is so great, why spend your life on an Internet forum that dedicated and obsessed about the price of property?

[winkie]

Picked a postcode...and I don't know the area. NR6.

Rent £750 pm

http://www.rightmove...l?showcase=true

Buy £299k (think of costs to be added, mortgage fees, stamp duty, solicitors etc)

£300k @ 4% IO = £1000 per month.

http://www.rightmove...y-16245888.html

[cardiffone]

winkie, on 18 November 2010 - 11:32 AM, said:

Picked a postcode...and I don't know the area. NR6.

Rent £750 pm

http://www.rightmove...l?showcase=true

Buy £299k (think of costs to be added, mortgage fees, stamp duty, solicitors etc)

£300k @ 4% IO = £1000 per month.

http://www.rightmove...y-16245888.html

eh totally different houses....

[Bruce Banner]

cardiffone, on 18 November 2010 - 11:05 AM, said:

he can afford 22,000K ( after tax and NI ) a year in rent and savings and is only paying 20% tax?

What on earth are you on about .

[winkie]

cardiffone, on 18 November 2010 - 11:43 AM, said:

eh totally different houses....

One has a garden the other is a strip of grass that goes around it....no house is exactly alike...ok one is a bungalow and the other is a semi, but if I could be bothered to look I could find lots of examples where renting is cheaper than buying...all things being equal.

[Dr Renter]

Bruce Banner, on 18 November 2010 - 11:45 AM, said:

What on earth are you on about .

OMG I've just seen your signature

I feel honoured that I've made your signature despite having made about 6 posts in the last 6 months. You are seriously paranoid. I'm hardly a VI, I own my home with a good amount of equity and will be moving up the ladder a few times in the next decade. I do not want prices to rise. However, you are clearly of the opinion that you are right and anyone who disagrees has an ulterior motive. As I've said before, its people like you who've made this forum almost unbearable.

[Dr Renter]

doccyboy, on 18 November 2010 - 11:27 AM, said:

He doesn't seem to want to answer my post either. Maybe facts disturb him or perhaps that you don't live in the only place in the country where it makes sense to rent

What, you mean your post where you're trying to say that renting an orange is cheaper than buying an apple? It didn't warrant a response.

[Bruce Banner]

Dr Renter, on 18 November 2010 - 11:53 AM, said:

OMG I've just seen your signature

I feel honoured that I've made your signature despite having made about 6 posts in the last 6 months. You are seriously paranoid. I'm hardly a VI, I own my home with a good amount of equity and will be moving up the ladder a few times in the next decade. I do not want prices to rise. However, you are clearly of the opinion that you are right and anyone who disagrees has an ulterior motive. As I've said before, its people like you who've made this forum almost unbearable.

It's not a case of right or wrong, I am merely posting my own situation.

I rent a £350K house for less than £933 a month. If I were to draw £350K out of the bank and buy it, I'd lose more in bank interest (after tax) than I pay in rent. Fact, not opinion.