3 ms·
Also the desire to own your house, rather than rent as is more common in for example, Berlin.
by sjm 10y ago
Also the desire to own your house, rather than rent as is more common in for example, Berlin.
- isostatic 10y agoI see London rents when I go down there for work. People paying £800pcm for a room in a 3 bed house. I pay less than that for a mortgage on a 4 bed in the suburbs, and most of that is equity repayment. Ie the cost is about 1/10th of the price of renting. When you have kids, in the UK you need to own as otherwise you're stuck with a 3 year lease at most, if the landlord decides to whack up the price, or simply sell up, you get maybe 2 months to move. That's a pain when you're a young professional, but when the kids are at school and you can't find anywhere available in that tiny time period, you're screwed.
- isostatic 10y agoI see London rents when I go down there for work. People paying £800pcm for a room in a 3 bed house. I pay less than that for a mortgage on a 4 bed in the suburbs, and most of that is equity repayment. Ie the cost is about 1/10th of the price of renting. When you have kids, in the UK you need to own as otherwise you're stuck with a 3 year lease at most, if the landlord decides to whack up the price, or simply sell up, you get maybe 2 months to move. That's a pain when you're a young professional, but when the kids are at school and you can't find anywhere available in that tiny time period, you're screwed.