>I wonder how many renters are actually aware of this difference, versus just spending their extra disposable income on fancy clothes, booze, and gadgets.
Where I live (London), rent is more expensive than mortgage repayments.
Where I live (London), rent is more expensive than mortgage repayments.
The capital repayments are not money lost in the same way that rent would be (assuming your house price doesnt plummet and you are forced to sell at that time).
So in the UK (outside London at least) at the moment there is little argument for renting, assuming you can afford the down payment.
London is a slightly different beast mind as prices have skyrocketed and down payments can be huge
So, if it makes economic sense to rent it, someone is making money on it. After all, the flexibility of renting has to have a price tag too.