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If You Had Enough Cash To Buy A House What Would You Do?

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Just wondered what people would do? For people in the SE they may be better off investing the money and renting.

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Buy a house

First to say I hate not having a spell checker.

Don't you think your money may be better off else where.

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Buy a house

Rent and invest.

But of course it all depends on the cost of your rent and the amount of income generated from the investments. Factor in costs and any capital appreciation (or depreciation) and you will have your answer.

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Just wondered what people would do? For people in the SE they may be better off investing the money and renting.

I almost have, and i would have bought at last years overpriced prices if id found a bargain which there were a few, but that has ended and 2014 prices are utterly insane.

Id like to wake up one morning and hear of Gidiots demise, i hate the ***t with a passion.

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I am surprised no one has said , to use it as deposits for 10 houses, and buy 10 houses. LOLLLL

Edited by 200p

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Depends on income, l would most probably hedge my bets and do a bit of both, seeing that l got the lowest debt interest rate available......l would never buy a BTL.

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I am in the southwest and have enough to buy a moderate house, but am fortunate enough to be able to afford to rent.

Most people are broke so buying a cheap house 'could' save them money against renting. I am lucky enought to be able to absorb the tiny difference between renting and buying, and am not troubled by the property ramping/missing the boar propaganda.

However, we will be starting a family soon so may choose to buy for stability reasons. I would also save the rental cost of £800pcm so when the wife gives up work we would not be any worse off than before.

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If you want to live in the house, if you like the house

Just don't get into debt over it, hindsight will be great, one way or the other, but you can't have that.

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If you had enough to buy a house outright, having some in other investments still means you are debt free because you can repay everything within a few days and still have a net worth, just see there is no early repayment penalties.

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I would invest my cash better, but in general I work 9 to 5, and also run part time businesses on the side websites, and mobile DJing. the businesses are not capital intensive so it's just accumulating in an account without much to do.

Had some phone calls recently about investing in Wine, but I know nothing about it. I am going to stick to the phys Silver for the mo as it seems cheap and I have bought several kilos in the last 18 months as a long term money preserver.

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The standard of accomodation obtainable via renting is far superior to that obtainable by buying, for the same money.

I know of a family who are moving in the near future and instead of selling their current place they are keeping it and letting it out, in doing so it means taking on an extra £300k+ of debt to replace potential sale proceeds to buy the new place, all in order to obtain at best £1000/month gross income from the old one, if no voids or agents cut etc. It's madness.

Edited by The Knimbies who say no

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Right now, I'd rent and invest.

Unless house prices halve where I live, I doubt I'll ever see the point of owning a house if I can afford to purchase better accommodation by renting, which I can at present.

The yield generated for my landlord on the home I rent equates to about 2% at the house's current market value. A mortgage would be double my rent.

I am also no longer in the 'need to own' mindset.

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At present prices? Pfff. I wouldn't. Not if I won the lottery.

Spot on.

I have been investing money all my working life and the mantra of buy low sell high is deeply ingrained.

Whilst I could buy outright tomorrow (well, Tuesday, it's bank holiday tomorrow) I am not about to shift my investments out of assets which make a decent tax free return into an asset that I view as being in a massive bubble, with the popping pin of rising US interest rates sewn on for 2015.

Edited by Frank Hovis

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Spot on.

I have been investing money all my working life and the mantra of buy low sell high is deeply ingrained.

Whilst I could buy outright tomorrow (well, Tuesday, it's bank holiday tomorrow) I am not about to shift my investments out of assets which make a decent tax free return into an asset that I view as being in a massive bubble, with the popping pin of rising US interest rates sewn on for 2015.

I'd buy somewhere in a cheap area, as insurance in case the bastards in power do a bail in. Then rent somewhere but take out a 5-10 year rental deal - maybe even a hotel suite rental. The rest I'd invest in gold and gold miners.

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Depends on income, l would most probably hedge my bets and do a bit of both, seeing that l got the lowest debt interest rate available......l would never buy a BTL.

Never say never.

However, I don't think there's enough yield to make BTL a sane investment.

It would only make sense if hosung was, on average, half the price it currently is.

And you'd have to enjoy DIY and be very good at vetting tenants.

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