it used to work, house prices got out of hand and rents didn't
when i was 18, i bought a 1 bed flat in didsbury as an investment. i paid £42,000 and the mortgage was about £312 a month. my rental income was £560. profit.

5 years later, i sold it to pay for my law degree. i sold it for £101,500. marvellous for me. but priced it totally out of the rental market for anyone who needed a mortgage, as the rents had stayed totally static.
( rachelswipe with a fork, Fri 11 May 2012, 14:12, 1 reply, 14 years ago)

The house I rented before I bought my own 12 years ago
is now back up for rent at 40% higher than it was when I rented it.
In the meantime my monthly mortgage repayments, which started off about 12% lower than the rent I was paying have now dropped to less than half what it would cost to rent that house today.
I think buying was the right option for me.
( tangledupinblue hairy badge with moving eyes, Fri 11 May 2012, 14:26, Reply)

i think it is for everyone in the uk

( rachelswipe with a fork, Fri 11 May 2012, 14:34, Reply)

Well, I'm thinking I might have to go into shared accommodation for a while to get my deposit sorted out.
From a house to a flat to a shared house.

I'm doing it wrong.
( Kroney, Fri 11 May 2012, 14:42, Reply)

+ in Slough

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:43, Reply)

I won't be sharing in Slough.
Fuck THAT.
( Kroney, Fri 11 May 2012, 14:47, Reply)

Chompy is looking for a flatmate

( tangledupinblue hairy badge with moving eyes, Fri 11 May 2012, 14:43, Reply)

"Basingstoke woman traumatised by frozen turd rape"

( Naked Ape call me Caitlyn, Fri 11 May 2012, 14:45, Reply)

lols

( sporters I’m sincerely gratitude to you, Fri 11 May 2012, 14:47, Reply)