RE: Renting is now Cheaper than Buying in the UK
(Edited)
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I wonder if renting includes social housing rents which are (generally) lower than private rentals. Locally, the experience has been that rents are increasing (or landlords are selling) as the owner is also facing higher mortgage costs. It irks me as well that the more money you want to borrow for a mortgage (ie you have the income to service it) the cheaper it is!
I thought house prices were starting to tumble?
The other thing I dislike about renting is that it is so insecure. No fault evictions mean you can lose your home with two months notice.
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The data was from Zoopla so it's probably just private rentals.
I'm sure this is temporary as it'll take maybe a year or so for lower house prices to lower mortgage costs!
It's the same as solar panels - only the rich benefit!