08-01-2014, 01:29 PM
Dead money is how I used to look at it.
However, it's a means to an end. If that house burns down tomorrow, I've not lost anything (contents obvs, insurance will pay out) if the boiler needs replacing it's not my problem, so on.
Of course, in the long-term I have no equity, no assets. Until house prices become reasonable or I come into a lot of money, there's no way I can afford the basic 150k+ required for an average 2-bed house around here.
My grandparents paid £4,500 for their place back in '80, something which will never happen again. Factor in inflation then this 'subsidised' cost would still only be £16k, nothing like as expensive as even the most subsidised buying scheme gets today.
I'll continue paying rent whilst I sit back and wait for relatives to croak!!
However, it's a means to an end. If that house burns down tomorrow, I've not lost anything (contents obvs, insurance will pay out) if the boiler needs replacing it's not my problem, so on.
Of course, in the long-term I have no equity, no assets. Until house prices become reasonable or I come into a lot of money, there's no way I can afford the basic 150k+ required for an average 2-bed house around here.
My grandparents paid £4,500 for their place back in '80, something which will never happen again. Factor in inflation then this 'subsidised' cost would still only be £16k, nothing like as expensive as even the most subsidised buying scheme gets today.
I'll continue paying rent whilst I sit back and wait for relatives to croak!!
Disclaimer: The above is not to be taken to heart and is probably a joke, grow up you big girl.
![[Image: Sig500x130.png]](http://i430.photobucket.com/albums/qq25/chris_rx71/Sig500x130.png)