Buying VS Renting? Which one wins? - BUY or RENT PROPERTY?
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- Опубліковано 3 гру 2023
- Should you buy or rent property? This will always be a life long debate - but which one is the true winner? When it comes to buy or rent property you should know the key elements and differences that set the 2 apart. When you buy or rent property you will be tasked will a range of different obstacles but depending on the wether you buy or rent property the outcomes are different! Let me know in the comments if this video on buy or rent property has helped and if you would like to see more coated related to buy or rent property?
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This video is absolutely incredible. I am watching your videos all the way through over and over. Im starting my new job at a solicitors on the 2nd of January, so a big year for me, love your videos every single one, really helps fulfil my knowledge. Top man 👍
You got this! Love it
My rent is currently 2,100 Freddo bars a month! 😮😁
Crikey!
Hi Jamie, thanks as always for the content. you mentioned about a minimum of three years here.
I’ve got a help to buy ISA which I’ve maxed out so am keen to make use of it before the actual financial benefits become so minimal that it’s not even worth it.
In order to make use of that money I was thinking to live in my first property for a year/year and a half. refurbish etc using my skill set and contacts as a painter and decorator then refinance onto a buy to let mortgage. Also making use of no stamp duty on my first property
What would be the downside of this in your opinion in terms of a relatively quick turn around please, I would be really grateful for your advice
Thanks
Mitchell
Question for you Jamie because I respect your opinion. Historically, housing in the UK (broadly) is an appreciating asset. The average property is going for £325,000 in London it’s roughly double that. As an asset class, is it realistic to see this asset appreciating? It will be impossible for the overwhelming majority to buy a property without familial wealth within the next ten years if this is the case. I know you said previously you think it will become impossible to buy property in a decade, but is that true? Historically speaking, we are more likely to have our first ‘bloody’ revolution at the notion that the majority of the population cannot be entitled to land ownership (economically constrained)
do you really think proper prices can increase in such an environment? I believe it more likely proto-marxists take over parliament than prices to continue to rise further and further out the voting populations’ price range.
I say this as a first time buyer, and without the tongue in cheek comments, I sincerely think I’m about to buy an asset that will not feasibly, or ethically, be allowed to go up in value.
What do you think?
To note, I wrote this while I was out walking, so forgive me for any grammatical or spelling mistakes.
I think if you're looking to invest then you need to be outside of London. You are not going to get the ideal % return and the volume of capital is going to be crazy!
Where do you get data for property prices over the last 1,000 years?
It's on Rightmove 😂😂😂
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊