This is a Journal entry by DoctorMO (Keeper of the Computer, Guru, Community Artist)
Life In the Universe and Everything
DoctorMO (Keeper of the Computer, Guru, Community Artist) Started conversation Jun 17, 2003
OK so now it apears I must move from the original idea.
Well there is one major reason why I've gone for buying. RENTING COSTS MORE. belive it or not, renting a property even a small one would cost me £300 to £400 pcm, a morgage on a small house would cost me £200 to £300 depending. I think it has somthing to do with ruthless land lords, high demand for renting (low income area in general, people are afraid to buy) and the fact that there are alot of houses on the market pushes the prices down to buy. my boss joined our company last year, he moved from down south, from a 2 bedroomed terrace which he sold for £170k and got a 4 bedroomed detached for 160k here. what a joke.
I know it seems derastic to go from Home to Buying your own place, but I don't really have to many options. and as my boss said, I can always rent the spare rooms out and that can help to keep things above the water line.
I live and hope
-- DoctorMO --
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