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Will people 'rent to buy' to avoid losing money if prices fall?

2 replies

tinyterrace · 08/12/2022 20:09

Just wondering....if people have to move and would lose more money than they would save, might they just hold onto their houses and rent them out instead? Asking because a relative said people might start doing this which wasn't so much of an option in the nineties when interest rates went mad (few buy to let mortgages).

OP posts:
CellarBellaatemycoal · 08/12/2022 20:13

I have heard of a few people doing this and moving to campervans/ boats etc.
People who are totally priced out of the local rental market by airbnbs etc, but need to stay local for work / school.

Justthisonce12 · 08/12/2022 20:37

tinyterrace · 08/12/2022 20:09

Just wondering....if people have to move and would lose more money than they would save, might they just hold onto their houses and rent them out instead? Asking because a relative said people might start doing this which wasn't so much of an option in the nineties when interest rates went mad (few buy to let mortgages).

That’s certainly our plan, we’re going to upsize, so it all could work out nicely. If there is a bit of a drop in house prices less deposit to save because I always like to put down a minimum of 25% and then will just hold onto the houses that we have until the optimum time to sell.

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