Quote:
Originally Posted by Arragonis
Renting vs owning - depends on the market. When prices are high a rising the rent price tends to go up as fewer people can afford to buy, when they go down it goes down. At the moment we have a combination situation where prices are falling slowly but the deposit requirements are much higher so fewer people can afford to buy and so rent demand is higher. Also banks are not doing so many buy-to-lets any more so supply is tighter.
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This is another thing Thats got me off the idea of a mortgage..
So, we'll bale the banks out, suffer "negative gtrowth" (That cracks me up!) lose Triple A credit rating (poor Obama..)
and then the banks tell US, how much of OUR money we can borrow?
shoebox for mysavings I think