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| London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#1
March 26th 08, 06:26 PM
posted to uk.railway,uk.transport.london,misc.transport.urban-transit
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Crossrail could bankrupt London - says Ken Livingstone
"Peter Masson" wrote in message ... "Neil Williams" wrote It is vastly cheaper to rent than buy on a monthly basis in many places these days. Certainly, in Milton Keynes one would pay about £500 per month to rent a one-bed flat but £700-800 per month to purchase it using a repayment mortgage. The main reason for this is that there is a glut of rental property on the market. Given the limited amount of property, this will necessarily cause purchase prices to rise. If the owners of buy to rent property start to think that property sale prices have stopped rising they will sell and invest the money elsewhere - this will increase the stock of sale property and bring prices down, lets' hope so :-) tim while reducing the stock of rental property pushing rental costs up. Peter |
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