UK Landlord Forum / Life

Market Oracle gives five case studies aimed at first-time buyers, to demonstrate the relative costs of buying versus renting for five years, in different market scenarios:

- no change in house prices
- house prices rise 2% each year for five years
- house prices fall 2% each year for five years
- house prices crash 5% each year for five years
- house prices boom 5% each year for five years

The results (on a £200,000 home, and £160,000 loan) - from a net cost of buying over renting of £67,014 to a net gain of £37,694 - demonstrate how highly geared the process can be.

Interesting results: http://www.marketoracle.co.uk/Article2649.html

Market Oracle gives five case studies aimed at first-time buyers, to demonstrate the relative costs of buying versus renting for five years, in different market scenarios