wow, its much cheaper to buy here than rent.

Thats even before the tax breaks you can get on the interest.

In the UK, as a home owner, cant you get certain local council grants to improve your property? (ie add value?)

what is the typical monthly rents based on current property value.

Is there a rough % accross the board or does it slide from say 200K properties up to 1 Million?

To give an example as used in the article.

If a 200K property costs 350K over 25 years
(but you get tax breaks here on the interest)

Renting in the US would typically cost $1500-$2000 a month (0.75% -1%) per month on a 200K property.

12months x 25 years = 450K to 600K.

Even if prices stayed the same its still far better to buy.
The tax breaks alone more than compensate for any repairs.

If property value goes up, well its a no brainer.

The rent goes up but your repayments stay the same.

Posted By: usacanary on May 18th 2011 at 21:34:31

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