I can accept the deposit obstacle but isn't long term renting the road to madness

[7evens]

[Classic Jorge]

[Pat Vegas]

by renting a small place.

This way I will buy a place in a few years or fund my overseas move.

[Red N White Army]

Afford to buy. You don't have the on-going maintenance costs, plus won't have an asset to be taken off you if you need care. It's only us Brits that are obsessed with owning our home.

[Pat Vegas]

of paying over the odds for a flat in London where I can buy a 4 bedroom house in Canada for less. which will be modern, with garage , air con, basement and all that *******s.

This is the dilemma I am having for the future.

[Brentwood]

The loss of interest on any savings you may have
The mortgage interest costs per month
House repair costs
House insurance

It's not always a"waste" of money to rent

[Red N White Army]

[Maravilloso Marvo]

[Pat Vegas]

I was even looking at city live Vancouver.
I just saw a very nice modern house 2 bedrooms . not far from the downtown area
250k in canadian dollars which is about £158k

In the next few years we would already have a good part of that already saved.

[7evens]

If you own, you've hopefully paid up your mortgage, made a few investments and have an half decent pension.
Mortage rates are incredibly low right now, so I couldn't tell how much worse off you are in terms of paying vastly inflated rent prices in comparison to 2-3% SVR

[Maravilloso Marvo]

Would you only be able to post in the night shift?

[Brentwood]

and arrange meet ups at biker bars

[Pat Vegas]

and get all the premier league **** and watch it at weird times.

Always weird watching football early morning on holiday.

[The JBear]

Renting lets young people move around to where they can find work.

[Hillary]

when prices were low. f**k knows how first time buyers manage it nowadays. My first flat cost £60k - 95% mortgage, deposit £3k. The same flat is worth about £320k now.

[Classic Jorge]

[redgunamo]