#and i dont have to share
Seeing lots of ‘financial gurus’ on TikTok pushing the “You shouldn’t buy a house” line - so here’s me telling you that if you can, you should.
They’ll say shit like “A mortgage is just another name for a loan” as if it’s profound.
A mortgage tends to be much cheaper, even when including utilities. I don’t know if it’s common elsewhere but in my experience in Scotland the landlord rarely covers utilities so don’t listen to anyone who says “But then you’re paying a mortgage, plus insurance, plus utilities” as if it’s big and scary. In most cases it’ll come in cheaper than the rent you’re paying anyway.
And there’s a high chance that these ‘gurus’ are trying to put you off buying so people like them can accrue properties and rent them out.
Also the whole “Millenials/Gen Z don’t care about owning things” is just propaganda.
Maybe multi property ownership should be controled and limited by law.
I like the idea of incremental taxation - first house is 1x normal tax, 2nd house is 1.5x, 3rd is 2x etc with strict rent controls so the cost wasn’t pushed to the tenants.
Think AirBnB would implode overnight which I’d be fine with.
Owning a house is often significantly cheaper than renting a house, if you can get the deposit. I own one of those house things now and my monthly mortgage payments are less than what I was paying for one of 4 rooms in a 3 bedroom flat in 2009 which was £250 a month and the cheapest rent I ever had. It was a cheap house of course but still it’s like, I’ve never rented anywhere this cheap.
And the money goes back to me owning this place, not to a landlord who tries to tell me the constant damp is because I’m not opening the windows for 3 hours a day in early January or whatever. The money doesn’t go to someone who can’t even make the inspection on the day they say they will because they own so many properties.
