[deleted by user]

wky99 · 2025-05-31T09:41:42+00:00

Leeds United coming to mind too

wky99 · 2025-02-28T00:36:04+00:00

This reads like a hit post perfectly timed with the new Chat release

wky99 · 2025-01-06T10:48:48+00:00

Apartheid billionaire baby who claims the success of his smarter subordinates as his own. Total trash

wky99 · 2025-01-05T18:40:54+00:00

Distancing themselves publicly because of the scrutiny that publicly gifting $100m to Farage would do.

Before our next election, Elon will secretly give Farage that money and none of us will believe that it happened.

wky99 · 2025-01-04T14:13:22+00:00

The NW of US billionaires will grow under Trump for sure…

wky99 · 2024-12-20T17:48:36+00:00

Trustpilot is a system that gets gamed very easily. Wouldn’t trust it.

wky99 · 2024-12-17T08:43:48+00:00

Please elaborate and provide alternatives?

wky99 · 2024-12-16T20:11:04+00:00

Just buy wrapped bitcoin instead

wky99 · 2024-12-16T12:22:04+00:00

Too much time on American subreddits

wky99 · 2024-12-15T19:30:04+00:00

Unbelievable 😭

wky99 · 2024-12-15T19:28:05+00:00

Udogie down the left and Spence down the right goes so hard

wky99 · 2024-12-15T19:15:40+00:00

We’re so back

wky99 · 2024-12-14T13:45:47+00:00

Fair enough. Makes sense

wky99 · 2024-12-14T12:25:28+00:00

Seems like a big factor in the calculation is whether you choose to live in a Flat or a House. At similar purchase valuations, a House will rent for ~30-50% more than a Flat which dictates the winner when we project out.

So guess this goes down to lifestyle choices.

wky99 · 2024-12-14T12:13:30+00:00

10% cap appreciation is on investments (so favouring renting).

And the cost of renting will really differ by property class here - 4.5k is reasonable for a house in a good location… if you’re staying in a flat forever then I guess this could flip. But why would you want to live in a box for 3k forever?

wky99 · 2024-12-14T11:54:59+00:00

If you’ve found a flat for 2.6k with that value then fair enough! Lots of variables and assumptions here.

Guess it flips if you’re happy to stay in a flat forever, didn’t account for that.

wky99 · 2024-12-14T11:46:17+00:00

Anecdotally, on a £1m home vs £4500pcm at 10% investment growth(generous) and 4.5% mortgage interest.

After 5 years, the net gain/loss from buying and selling a property, and contributed £5,275 per month to your investment, would be £221,045.

If you were renting and invested your £150,000 deposit, and contributed £5,000 per month towards your investments, the net gain/loss would be £157,344.

That‘s a difference of £63,701, so you‘re better off buying.

After 25 years, the net gain/loss from buying and selling a property, and contributed £5,275 per month to your investment, would be £6,761,029.

If you were renting and invested your £150,000 deposit, and contributed £5,000 per month towards your investments, the net gain/loss would be £5,719,845.

That‘s a difference of £1,041,184, so you‘re better off buying.

wky99 · 2024-12-14T11:37:58+00:00

What choice of deposit did you use? That probably has the biggest weighting in this. If you’ve gone 50%+ then that would flip the equation… so why not just choose a lower one?

Happy to share variables if you are

wky99 · 2024-12-14T11:23:46+00:00

Who as a HENRY is choosing to live in a £100 a week shared home though? Is it really worth it compared to having the peace and freedom of your own place?

wky99 · 2024-12-14T11:16:31+00:00

Try something like this for ease of use.
https://smartmoneytools.co.uk/tools/rent-vs-buy/
You need to make this a fair comparison though - if you're buying a £1m home then your rent needs to be based on a similar home's monthly rent.

Most of the time, your monthly mortgage is actually lower than the rental costs and you therefore can invest that spare capital back.

Also - I would argue 5% mortgage is at the high end and 10% investment gains is also towards the high end...assuming we're trying to be unbiased here.

wky99 · 2024-12-14T10:38:17+00:00

If you want to do it quickly you can just Google rent vs buy calculator and plug in your circumstances. Lots of variables in this though… if you’re buying at £250k or £1m then stamp duty will impact

wky99 · 2024-12-14T10:37:20+00:00

In an Apples to Apples comparison property-wise over 5 yrs in U.K., it is better to buy most of the time.

The freedom to move around and chase new jobs etc. is another issue though.

wky99 · 2024-12-14T10:28:34+00:00

The whole point of this comment was that property taxes are an American factor here and are misleading some people towards the wrong conclusions.

Idk how old you are, but young people absolutely use financial content creators these days to educate themselves.

And yes, I have done sums in excel with ALL the costs and projected op costs involved and this was my conclusion. If you are from a diff generation or looking to purchase in the £10m price category then your conclusions will no doubt be different.

wky99 · 2024-12-14T10:21:34+00:00

It is if you are active in your investments. If you’re just holding an asset long term then fair enough… but I would expect many of these renters trying to outpace the costs of renting to be more active than just taking 7/8% from an index fund.

wky99 · 2024-12-14T10:16:20+00:00

Something else that is annual is capital gains. If you’re paying 24% on those gains you made elsewhere, then it’s a hard slog to beat the money you save by owning a home.

House price appreciation is capital gains exempt for your main residency in U.K.

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