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Times - Chill Wind In The Mortgage Market...


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No, you got a shocking deal.

Over the period you have paid out £63,600 and own nothing. You could have bought the property on a interest only mortgage 10 years ago, paid a similar amount out in cash, and would now have £250k in equity.

So you have lost £250k by renting!!!

Only if he released the equity. Otherwise any change in his wealth is purely nominal.

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