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Buying V Renting

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Just done a Rightmove search on properties I could afford in my town (small town, south east).

14 rental properties available for under £700 per month (a few nice ones £600); a good selection of 1 & 2 bed flats + small houses.

5 properties for sale for under £150,000. 3 x retirement properties (only another 30 years to wait) which leaves 1 scabby 1 bed maisonettes and 1 tiny studio flat (again truly awful).

What are things like in other areas? Fxxxing madness in mine!

Edit: Note; £135,000 repayment mortgage 6% over 25 years £880 PCM; interest only £675 (£750 on a £150,000 I/O)

Edited by Young Goat

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The rent we pay is 3.36% of the price the landlord paid for the place earlier last year... (out of which he has to pay the agents and repairs, insurance etc..)

You can get 5% from a 10 year Goverment bond, that's the risk-free rate.

People earning 3% from a far risker asset is the classic definition of a speculative bubble...

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  • 336 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% +
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      • up 5%

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