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[davidcorbett]

Speaking as a married couple who lived in Australia, in 2006, myself and my heavily pregnant wife were made homeless, , from our shared house, we return to Ireland, rented a house for 5 years, took out a 25 year mortgage, we paid it off in less than 12 years, , I wouldn't wish homelessness on anyone, when own your own home outright you have the comfort in knowing, you can never be made homeless, by either the bank or a greedy landlord.. Buy a house, pay it off ASAP. have no more dealings with banks..

[Theoobovril]

Rent is a financial millstone around your neck for life, buying is only a financial millstone around your neck for 25 years, which one would you prefer ???

[benking]

If I was renting my house that I currently pay a mortgage on, I'd be paying double what I pay out each month now. I know that for a fact. Your paying a mortgage either way, with renting your just paying someone else's mortgage. I know which one I'd rather do. Also, my elderly mother was turfed out by her landlord after two years because the landlord wanted to give the house to his daughter. With renting, you have to do it for your entire life, a mortgage is 25 years and done!

[EveryCloud]

In the UK it’s home ownership hands down!

[isildursbane]

So all the property manages say you should rent what a shock 😂

[Gilly-gxrt]

Rents have gone through the roof. Mortgage payments are significantly less. It’s a no brainer! I however wish I had leveraged the equity on my property before I left my PAYE job

[AJ-zftu]

Disagree with a lot here.There are so many variables depending on individual circumstances.
I own a house bought 70 years ago for 2k, now worth 1 million plus I rent a part that brings in 13 k per year.That negates a lot what the people in this video are stating.As I said, many variables but never a bad idea to own your home, sacred.

[patrickplaysguitar]

something it seems many people are missing is that when they talk about renting being a better option they are also talking about investing the remaining income you have that would otherwise be spent on your mortgage or house maintenance costs. They dont mean rent and then spend the rest of your salary on crap.

[Skeletoncrewand]

Don't buy houses kids, let me buy them!

[chuck]

Thank you for expressing an array of views. All important principles BUT its about referncing your personal circumstances, ambition, risk profile and desires to these principles. Dont listen to anyone who espouses its one size fits all.

[barriewilliams]

I bought my house for £24, 500 40 years ago, and have just had it valued at £275, 000...
I still think that buying (if you can afford to) is the far better option for people in the UK.

[theholepicture]

After cancer 3 times and rheumatoid arthritis I sure am glad I don't have a house payment, association dues, water bill (I have well) My only worry is the rich people moving in and running up my tax bill.

[ajnr]

1st of all, great content! 2nd - nobody talked about using the increasing equity in your home to put into other investments which return higher than the 2nd charge equity loan. over a 10/15 yr period you could do this a few times. Ultimately theres no right answer, people have to find what works for them, you could rent all over the world for 15 years following career opps which ultimately make you rich to where you can buy outright or you could buy and do the exact same. in both scenarios it cant still work you just have different responsibilities with ownership.

[FinanceBuffalo]

Buying a house on a residential isn’t a asset, paying 6% interest and double for a house after 30 years.

[PibrochPonder]

Rent ALWAYS goes UP with time.
Mortgages ALWAYS go DOWN with time.

This is assuming you are payoff the mortgage. Renting is a mugs game. You can easily waist £100, 000 in rent over 15 years. Why not reduce the mortgage by that much instead.

[arjunbhaduri]

Renting is fine if you can find a property that is nice, affordable and secure. That's difficult to find in the UK. Also rental contracts should allow greater flexibility for the tenant to leave (12 month contracts are too long)

[MinuteDatingTips]

Do what’s cheaper for you, I’m a mortgage advisor and the total pay in buying a home is usually double what you paid for it.

[KeyBrosUK]

Property gurus telling others to rent what a surprise😂of course you’d say that, but you won’t rent yourself. I’ll never pay someone else’s mortgage.

[alliedfroth]

If you are over 65 then sell up & defo rent.

[LiftOffLife]

If you pay property tax then your property is never yours, you rent it from the government to use it.

See how fast it is dispossessed if you don't pay your tax.