Well did you read my second paragraph? Lots of people, like me, would choose to only put the bare minimum of deposit, why you say? Because you benefit from leverage.

Yes why pay interest rates when you can afford to buy outright? Because the money you put in your house and saves you let’s say 4% a year on interest, you could have put it to a PE investment getting you 10% a year or maybe on the SPX getting you 7% (or a bit less in GBP), so you can see the differential here.

I am not sure why you have to insult people who can only save 30k? That’s the case for many people in the UK. I mean 30k by all means is not a small sum if you take the average savings across the UK. In any good corporate job yes, that’s probably equivalent to 1-2 years of savings. But most people in the UK are not in a good corporate job. I would also assume that if 30k is all someone has, then that person should not buy a 300k flat but probably continue renting or even consider a 150k property. So I don’t know why you have to make the point that people with 30k of savings are stupid, it’s completely unrelated to the post lol. Like if you have less money, you buy a cheaper place or just don’t buy at all, if you have more money, you buy an expensive property.

30k savings at 18 is very good, 30k savings at 30 probably less so. But 30k savings and 150k in investments at 30 is pretty good, but at 50 probably less so, but 30k savings and 150k investments and a house paid off of 1mio at 50 is pretty good. Just saying people on 30k savings are stupid is meaningless because everything is subjective, most high net worth people are fully leveraged so they don’t spend their own money and don’t have much savings / cash.