> The correct strategy is not to rent, but to buy on credit at a fixed rate, then let inflation take care of it for you.
The problem is getting access to the credit in the first place and being able to afford the legal fees.
To buy my flat. I had to put down a payment of £15,000. I bought the property about £30,000 cheaper than it probably should have been. So I would have had to put £20+k as a deposit. Not many people can afford it. Then on top of that I paid about £2-3k in legal work.
I earn decent money in the UK and it wasn't straight forward to me. I can only imagine the trouble people who are less well off.
> So simply align your interests to the government interests, and manage your money just like they do: without a care in the world about the petty needs of say having a stable budget!
Which will lead you to ruin but has almost no repercussions at all for them. The game is fixed.
The problem is getting access to the credit in the first place and being able to afford the legal fees.
To buy my flat. I had to put down a payment of £15,000. I bought the property about £30,000 cheaper than it probably should have been. So I would have had to put £20+k as a deposit. Not many people can afford it. Then on top of that I paid about £2-3k in legal work.
I earn decent money in the UK and it wasn't straight forward to me. I can only imagine the trouble people who are less well off.
> So simply align your interests to the government interests, and manage your money just like they do: without a care in the world about the petty needs of say having a stable budget!
Which will lead you to ruin but has almost no repercussions at all for them. The game is fixed.