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Msn Homepage Link To Bearish Article

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I was surprised to see this link on the front page of MSN

http://money.uk.msn.com/Mortgages/firsttim...cumentid=443352

When renting is a better idea

By Nic Cicutti, MSN Money Special Correspondent

April 24 2006

The continuing positive propaganda about buying a home can be so incessant that it can be hard to accept there are times when renting a property is a better option than buying one.

Among them are the following:

When you don’t earn enough to pay off a mortgage

When you don’t have a large enough deposit and would be taking on a 100% home loan or more.

When you might be able to afford the loan but you couldn’t afford all the other aspects that go with a home purchase, including life insurance, repairs, furnishings and so on

When you your job isn’t secure

When you know you are likely to move to a different part of the world in the next year or two – why fork out all that stamp duty and then sell up months later?

When your relationship with the person you’re buying with isn’t secure

When property prices are falling: your first property is as much a roof over your head as an investment, by there’s no point in chucking money down the drain

When interest rates are rising sharply

When you’re saving up for a deposit but need a bit more time in shared accommodation to put away a bit more

When renting solves headaches (no worries being the main one) and buying creates them (what happens if…)

Perhaps there is hope after all...

:D

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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