Money Lesson
Single
Single
Rent and invest, or buy?
You have the deposit and cannot decide. Renting is not dead money if the deposit is invested instead, so the honest version of this argument runs both lives all the way to the end.
Employment
Property
Expenses
ISA
Investments
2 Goals
The savings become a deposit and the costs of buying, and a thirty year mortgage and an owner's running costs follow.
Try this plan
Employment
Property
Expenses
ISA
Investments
2 Goals
The savings stay in the market, the rent is paid for life, and every month's difference is invested.
Try this plan
Buy the flat
Rent and invest
Rent and invest
Owning the same flat rather than renting it and investing the difference leaves you ~£391.3k ahead by the end.
