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SW-User
Buy if I can.
Firstly other than interest changes your payment is fixed, ie the capital is fixed. Rents will increase after say five years your mortgage will look cheaper to comparable rents.
After all you end up owning the house. I'm in that fortune position, ok I have too pay for all maintenance etc but I have a lot of flexibility around work and retirement as I don't have to worry about increasing rents.
Firstly other than interest changes your payment is fixed, ie the capital is fixed. Rents will increase after say five years your mortgage will look cheaper to comparable rents.
After all you end up owning the house. I'm in that fortune position, ok I have too pay for all maintenance etc but I have a lot of flexibility around work and retirement as I don't have to worry about increasing rents.