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Is renting really that bad?
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[quote][i]Originally posted by Colin[/i] Its just whatever means more to you at the end of the day. Fill the banks/mortgage lenders pockets with their daft daily accrewing interest rates & have a modest home for a while that will in time go up in vaue. The prospect of moving up to where you want to be is always there as/when you can afford it. or Fill some randoms pockets & have the home you want, now (in person but not on paper) & maybe hope that some day you'll have enough savings to buy something similar. I just couldnt face having spent I dunno 10k a year on someone elses house & know it will never be mine. If you stayed there 10yrs then thats 100k!! Believe me its quick when it comes around, I was in my wee boxy flat with no off street parking for 4 years (didnt feel like it!!) & now can move into something bigger. My modest 1st home gave me the 20% deposit I needed. [/quote]
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