[darkr]

This.

I rented for nearly ten years, latterly/mostly in East London, moving house on average every 12 months. Had my fair share of shitty landlords.

Me & my girlfriend had circumstance/luck to thank; in 2012 (just before prices started climbing skywards again) we managed to save/borrow/scrape enough money together to get a deposit on a nearly derelict Victorian terrace and have been slowly doing it up since then. It's still not finished but it's mine and I love it. That it's increased in value is nice, but kind of abstract in that it's only money I will see if I ever decide to move, which I have no plans to. It's also totally secondary to it being _my_ home. I shut the door and the outside world ceases to exist.

[velox_io]

I've lived in London for nearly two years and can't wait until I can buy my own place. Not having to deal with landlords and moving would be enough reason.

That article glossed over inflation, rents have changed a great deal in the last 10 years (double digit growth year on year). A mortgage is a fixed cost, the will actually become relatively smaller.

Plus, I doubt I will be in London for ever, but if and when I decide to leave I would have accumulated a nice a nest egg.

[Overtonwindow]

That's your house, you disconnect the cable and turn the lights out ;-)

Well said btw. Right there with you.