For those asking what's wrong with renting, some problems from a UK perspective are:
1. Security of tenure. You can be a model tenant who never misses a payment, but if a landlord wants to do something else with your home for any reason, you've got two months and you're out. Wife, kids, stuff and all. Maybe with a change of school thrown in for good measure too.
2. Exclusion from the biggest one way bet in town. Forget the best index tracking ISA, nothing beats using massive leverage to invest several hundred thousand pounds of borrowed into existence money in an asset class that the elite will happily throw the rest of the economy under the bus to pump up. Much to the benefit of our politicians, flipping their tax payer funded second homes.
3. Welfare unfairness. Got a bit saved up? Maybe even for a house deposit ironically? Well if you fall on hard times, you'll need to burn through your years of savings until you're poor enough to receive benefits again. If you have a fortune of equity in your house though, you won't have to touch a penny of it.
1. Security of tenure. You can be a model tenant who never misses a payment, but if a landlord wants to do something else with your home for any reason, you've got two months and you're out. Wife, kids, stuff and all. Maybe with a change of school thrown in for good measure too.
2. Exclusion from the biggest one way bet in town. Forget the best index tracking ISA, nothing beats using massive leverage to invest several hundred thousand pounds of borrowed into existence money in an asset class that the elite will happily throw the rest of the economy under the bus to pump up. Much to the benefit of our politicians, flipping their tax payer funded second homes.
3. Welfare unfairness. Got a bit saved up? Maybe even for a house deposit ironically? Well if you fall on hard times, you'll need to burn through your years of savings until you're poor enough to receive benefits again. If you have a fortune of equity in your house though, you won't have to touch a penny of it.