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Why (at the moment) it is better to rent.

(4 Posts)
flum Thu 12-May-05 12:27:09

From a website someone else recommened.

I had always kind of thought it was better for us now, but not sure why. The cost of a mortgage just seemed prohibative.

here is a link

lljkk Fri 13-May-05 07:23:03

If you are already in the property market & need to sell, though, it may be better to buy again -- we couldn't afford to rent (just don't earn enough) the house that we bought (even if the money sat in the bank earning interest, that interest + our income wouldn't pay the rent).

SenoraPostrophe Fri 13-May-05 07:44:35

presumably because whoever recommended it thinks the property market is about to crash. As they've been saying for about 10 years now...

expatinscotland Fri 13-May-05 07:55:03

Um, for us it's better b/c we can't afford a house.

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