Quote:
Originally Posted by tricky
Dont get me started on estate agents !!!!
I also have a problem with mortgages and the whole thing.
I mean I have to borrow an enormous amount of money in order to buy a human basic requirement i.e. shelter. I have to spend the majority of my working life paying for it and the bank who lent me the money make more profit out of me than I borrowed in the first place.
How can that be right !
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but think longer term - paying off your mortgage and sitting on an asset that size (ahem) has got to be a better investment than paying money into thin air on rent. I was lucky enough to buy when I was 26 and the market had bottomed out, but unlucky enough to have to buy my ex-partner out at the top of the market - 3 times the orginial mortgage. Fortunately I'd worked my butt off to nearly treble my income in the meantime, but it meant starting over! If house prices hadn't rocketed I'd have paid it all off by now. I'd do it again, cos at the end of the day it's all mine now - none of this being given short notice to move out or landlors that take ages to fix things.
S'life tho, innit.