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Is it cheaper to rent ?
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<blockquote data-quote="Moneybox" data-source="post: 593829" data-attributes="member: 3960"><p>Buying a property is a form of forced saving. If you could put the same amount of money you pay into your mortgage into savings then you'd most likely come out on top. Most of our mortgage payments go in interest so the best value is in the capital gain.</p><p></p><p>Seeing that few of us are disciplined enough to put away savings regularly then buying your own property is the best option for financial reward. However, if you always live in that property then you never realize the financial gain. Take a look at all these grey nomads caravanning about the country. A lot of these have either sold their home or rented it to finance their retirement. If you never buy you don't have that option.</p></blockquote><p></p>
[QUOTE="Moneybox, post: 593829, member: 3960"] Buying a property is a form of forced saving. If you could put the same amount of money you pay into your mortgage into savings then you'd most likely come out on top. Most of our mortgage payments go in interest so the best value is in the capital gain. Seeing that few of us are disciplined enough to put away savings regularly then buying your own property is the best option for financial reward. However, if you always live in that property then you never realize the financial gain. Take a look at all these grey nomads caravanning about the country. A lot of these have either sold their home or rented it to finance their retirement. If you never buy you don't have that option. [/QUOTE]
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Is it cheaper to rent ?
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