Anyone got a graph?

[andrewducker]

Looking for something comparing the cost of renting to buying over the last few years.

Something like this, but for the UK.

Anyone?

Comments

[call-waiting.livejournal.com]

"Price per rent"? What's 'price' in that analysis? Average mortgage repayments? Mortgage repayments for the average newly purchased property?

At the mortgages and flats we're looking at, the ratio is hanging round about two-and-a-bit, which is, amusingly, what we'd end up paying of a flat's worth on the mortgage: twice the purchase price.

When I had my flat in Cambridge, the ratio was damn close to one (I paid about £650 a month in mortgage; the same flat would probably have cost me about £600 to rent).

[meaningrequired.livejournal.com]

I know little about such things, except when the time comes I am going to throw myself into 25 year of debt with a smile on my face and a house under my feet.

My mums friend had a house, sold it, and now the money is in a savings account. Though, its a different situation in N.Ireland as their house prices are just about to skyrocket.... its a bad situatiion for my mum's friend, becuase she would probably have made more, keeping the money in the house, than putting it in the bank. However, becuase it IS in the bank, she can afford to pay for her daughter (who will be 18 in a few years) to go to uni. When thats done, she intends to get back on the ladder. But probably significantly lower and in a much smaller property than she was before.... but then, who cares, shes got rid of the kids :)

The flats in the area we're living in are worth something like £110,000. I really worry about the kind of property I'm going to be able to afford when the time comes. I expect my salary will be between 26K and 30K, perhaps going over that if I stay in academia for a while and manage to land a senior post. Even that, is not a lot of money, in comparison to the price of houses.

My ex-housemate and his GF had the deposit put down on a house by her parents (forcing them into an early, stable, commited relationhip). But its worked out for them. Neither of them are the DIY type, but they're paying off the mortgage slowly but surely and sitting on a house thats slowly going up in price. I'm very jealous.