4 ms·
Any comparison of rent vs buy should be made by comparing interest+council rates/land tax paid to rent paid. You also need to be secure in the assumption that y
by Arbalest 7y ago
Any comparison of rent vs buy should be made by comparing interest+council rates/land tax paid to rent paid. You also need to be secure in the assumption that your house/land value will not drop. You also need to account for rises in rent. Changes in interest rates... all in all, it's more difficult than it sounds, and advice on this depends a lot on what your local property market is doing. In some places it can go either way.