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Cover me in debt, debt to the eyeballs (or advice on buying a shoebox in England)

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  • Originally posted by Starchild


    Prices won't fall, at least not anytime soon.
    Prices won't rise by more than 5% per annum over the next ten years, therefore you are better renting for the time being. The risks are on the downside, whatever the latest estate agent survey tells you.
    www.my-piano.blogspot

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    • Given that the mortgage interest payments are about the same as what I would pay in rent 5% is better than having no capital growth.
      One day Canada will rule the world, and then we'll all be sorry.

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      • Originally posted by Drake Tungsten
        Congratulations! Jesus Christ...
        Hooray for Moon Jesus!
        One day Canada will rule the world, and then we'll all be sorry.

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        • Yeah, if you crank the (right) sums buying is a clear winner unless there's a nasty crash. Since there wont be buying when you can is the way to go.

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          • Originally posted by Dauphin
            Given that the mortgage interest payments are about the same as what I would pay in rent 5% is better than having no capital growth.
            www.my-piano.blogspot

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            • And thus the reason I earn over twice as much as you is revealed.
              One day Canada will rule the world, and then we'll all be sorry.

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              • Originally posted by Dauphin
                And thus the reason I earn over twice as much as you is revealed.
                I very much doubt that's the case
                www.my-piano.blogspot

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                • My dad earns at least 5 times as much as you and agrees with Dauphin. QED.

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                  • Originally posted by Doddler

                    I very much doubt that's the case
                    Yeah it might stretch to two and a half.

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                    • Originally posted by Dauphin
                      Given that the mortgage interest payments are about the same as what I would pay in rent 5% is better than having no capital growth.
                      Not to mention interest payments at tax deductible.
                      Try http://wordforge.net/index.php for discussion and debate.

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                      • Originally posted by Oerdin


                        Not to mention interest payments at tax deductible.
                        No they're not
                        Speaking of Erith:

                        "It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith

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                        • Not here they aren't (anymore)
                          One day Canada will rule the world, and then we'll all be sorry.

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                          • Rich repeats what I told him moments ago in person.
                            One day Canada will rule the world, and then we'll all be sorry.

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                            • Erm, I said that before you did, accountancy boy!
                              Speaking of Erith:

                              "It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith

                              Comment


                              • So Rich, tell me, what is the rule on the rent a room scheme and income tax, oh sagacious one!
                                One day Canada will rule the world, and then we'll all be sorry.

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