Tuesday, Jul 10, 2007

Renting currently superior to buying?

MSN: There's Nothing Wrong With Renting

With interest rates heading upwards once more and further rises expected this year, it's not surprising that people are having a tough time getting onto and moving up the property ladder.
What is surprising is that more people do not choose to rent instead of going through the pain of trying to buy.
Being a tenant rather than a home owner used to be the norm in Britain and it's still the very popular in many countries around the world. It's only in the last couple of decades that home ownership has become a goal for most people in the UK...

Posted by alan @ 10:05 AM (150 views) Add Comment

2 Comments

1. Feefifofum said...

I think this government just like the last Thatcher government does not want the responsibility of having to look after people hence getting rid of social housing and encouraging people to buy. Just like selling off utilities to private hands. When i hear stories in the press of Mr and Mrs Bloggs getting into a lot of debt and how irresponsible they are, well I say this government has been exactly the same GB couldn't manage his 'purse strings' very well either hence building a 'strong' economy on a credit bubble just like Thatcher. So cynically this could be the reason why this government lets BTLs off with the tax - put social housing in private hands.

feefifofum

Tuesday, July 10, 2007 10:54AM Report Comment
 

2. This comment has been removed as it was found to be in breach of our Blog Policies.

 

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