13 ms·
In the UK at least there’s significant tax advantages to home ownership compared to renting. Easily 30-50% of the money you pay in rent is immediately burned i
by spacebanana7 2mo ago
In the UK at least there’s significant tax advantages to home ownership compared to renting.
Easily 30-50% of the money you pay in rent is immediately burned in tax/letting agent fees that don’t happen to a homeowner who “is their own landlord”. Additionally there’s no capital gains tax on one’s primary home.
Even if house prices stay flat it’s usually still better to own if rental yields in your area are higher than 5%.