For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
Re: The Takeover
2So we're Fecked unless we have a proprietary interest in RP.................Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
Yet RP and the Dragon's had debts totaling £5 million in the last accounts, and one director receives annually, more than three times the income that our trust subscriptions provide annually......................
Some business to take on.........................
Re: The Takeover
3Stan A. Einstein wrote: August 27th, 2023, 10:38 am
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
Re: The Takeover
4Thankfully I am spared the wit and wisdom of both Bangitinthenet and Whoareya. Which is a shame as no doubt both contributions will, whether agreeing with me or not, will have have been reasoned and measured, devoid of vitriol and hyperbole and seeking only to raise the tone of debate.
Re: The Takeover
5You don't miss much by FOEING them just the usual ' we won't listen to any views that they disagree with'.Stan A. Einstein wrote: August 27th, 2023, 12:11 pm Thankfully I am spared the wit and wisdom of both Bangitinthenet and Whoareya. Which is a shame as no doubt both contributions will, whether agreeing with me or not, will have have been reasoned and measured, devoid of vitriol and hyperbole and seeking only to raise the tone of debate.
It's 'their way'or 'your wrong' attitude from them on almost every subject raised on this forum .
Even when their wrong they won't admit it incase they lose face. They just come out with a tirade of abuse at posters who's views differ from theirs because they are unable or just point blank refuse to enter into reasonable debates
Re: The Takeover
6neilcork68 wrote: August 27th, 2023, 12:37 pmYou don't miss much by FOEING them just the usual ' we won't listen to any views that they disagree with'.Stan A. Einstein wrote: August 27th, 2023, 12:11 pm Thankfully I am spared the wit and wisdom of both Bangitinthenet and Whoareya. Which is a shame as no doubt both contributions will, whether agreeing with me or not, will have have been reasoned and measured, devoid of vitriol and hyperbole and seeking only to raise the tone of debate.
It's 'their way'or 'your wrong' attitude from them on almost every subject raised on this forum .
Even when their wrong they won't admit it incase they lose face. They just come out with a tirade of abuse at posters who's views differ from theirs because they are unable or just point blank refuse to enter into reasonable debates
Re: The Takeover
7I think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
Re: The Takeover
8https://www.bbc.co.uk/news/business-66568528lowandhard wrote: August 27th, 2023, 1:11 pmI think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
The rise in mortgage rates means it is now cheaper to rent a home than to buy one for the first time since 2010, according to Zoopla.
The property website said the average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers on a 15% deposit.
Re: The Takeover
9Best of luck to renters - and I mean that. I’ve known people with broken plumbing, leaking roofs etc and absent landlords who are unwilling and/or unable to act. I know which I’d prefer to do.whoareya wrote: August 27th, 2023, 1:15 pmhttps://www.bbc.co.uk/news/business-66568528lowandhard wrote: August 27th, 2023, 1:11 pmI think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
The rise in mortgage rates means it is now cheaper to rent a home than to buy one for the first time since 2010, according to Zoopla.
The property website said the average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers on a 15% deposit.
Re: The Takeover
10I can see the advantages of renting, but anyone who thinks we shouldn't be aiming to own our own ground, or a proportion of it, need to change the focus on their blinkers.
I'm not saying it's achievable right now because I don't know, but that surely must be the aim. Any company with assets is healthier than one without.
I'm not saying it's achievable right now because I don't know, but that surely must be the aim. Any company with assets is healthier than one without.
Re: The Takeover
11I agree with that Mike of course. In addition to that what another poster seems to have overlooked is this. Regardless of mortgage rates mortgages are set and inflation over the years reduces them. My mortgage for an east London flat was exorbitant in 1987. A 12% interest rate meant I was paying £400 a month it would of been cheaper to rent. I now live in a detatched house and pay nothing in rent or mortgage.lowandhard wrote: August 27th, 2023, 1:21 pmBest of luck to renters - and I mean that. I’ve known people with broken plumbing, leaking roofs etc and absent landlords who are unwilling and/or unable to act. I know which I’d prefer to do.whoareya wrote: August 27th, 2023, 1:15 pmhttps://www.bbc.co.uk/news/business-66568528lowandhard wrote: August 27th, 2023, 1:11 pmI think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
The rise in mortgage rates means it is now cheaper to rent a home than to buy one for the first time since 2010, according to Zoopla.
The property website said the average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers on a 15% deposit.
There is never a bad time to buy land. They don't make it anymore. Genuinely and not just for Newport County, any of you, beg, steel or borrow to buy your own place. In the long run it is the best decision you will ever make. Or listen to those who tell you you're better off renting and regret the decision for the rest of your natural.
Re: The Takeover
12whoareya wrote: August 27th, 2023, 1:08 pmneilcork68 wrote: August 27th, 2023, 12:37 pmYou don't miss much by FOEING them just the usual ' we won't listen to any views that they disagree with'.Stan A. Einstein wrote: August 27th, 2023, 12:11 pm Thankfully I am spared the wit and wisdom of both Bangitinthenet and Whoareya. Which is a shame as no doubt both contributions will, whether agreeing with me or not, will have have been reasoned and measured, devoid of vitriol and hyperbole and seeking only to raise the tone of debate.
It's 'their way'or 'your wrong' attitude from them on almost every subject raised on this forum .
Even when their wrong they won't admit it incase they lose face. They just come out with a tirade of abuse at posters who's views differ from theirs because they are unable or just point blank refuse to enter into reasonable debates
Mature response from you again
Try being a master debater on subjects raised instead of other ways by immature responses.
Re: The Takeover
13Neal,neilcork68 wrote: August 27th, 2023, 1:57 pmwhoareya wrote: August 27th, 2023, 1:08 pmneilcork68 wrote: August 27th, 2023, 12:37 pmYou don't miss much by FOEING them just the usual ' we won't listen to any views that they disagree with'.Stan A. Einstein wrote: August 27th, 2023, 12:11 pm Thankfully I am spared the wit and wisdom of both Bangitinthenet and Whoareya. Which is a shame as no doubt both contributions will, whether agreeing with me or not, will have have been reasoned and measured, devoid of vitriol and hyperbole and seeking only to raise the tone of debate.
It's 'their way'or 'your wrong' attitude from them on almost every subject raised on this forum .
Even when their wrong they won't admit it incase they lose face. They just come out with a tirade of abuse at posters who's views differ from theirs because they are unable or just point blank refuse to enter into reasonable debates
Mature response from you again
Try being a master debater on subjects raised instead of other ways by immature responses.
A word to the wise. You can't debate with these people. They think they are being funny. Posting up a picture of Alf Garnett? A was thinking of buying tickets to see Dara Ó Briain but I don't think I'll bother now, couldn't possibly be as funny as Whoareya.
Re: The Takeover
14whoareya wrote: August 27th, 2023, 1:15 pmhttps://www.bbc.co.uk/news/business-66568528lowandhard wrote: August 27th, 2023, 1:11 pmI think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
The rise in mortgage rates means it is now cheaper to rent a home than to buy one for the first time since 2010, according to Zoopla.
The property website said the average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers on a 15% deposit.
Buy a property 25 years ago for £35000 + £25000 interest =£60,000....that property would be worth £150000/£200000 in today's market...double / treble your money
25 years rental of the same property @ approx £400pcm = £120000...double the payment and you don't own a brick....
Of course it's better to buy.
Re: The Takeover
15Nobody has yet explained where we get the £30million needed to build a new ground. While there are few who would not want to buy our own ground, there are none who can explain where that £30million will come from.neilcork68 wrote: August 27th, 2023, 2:11 pmwhoareya wrote: August 27th, 2023, 1:15 pmhttps://www.bbc.co.uk/news/business-66568528lowandhard wrote: August 27th, 2023, 1:11 pmI think this is a sensible position for the following reason and in a general sense. If you rent ( and many people in this country are seeing the reality of this at the present time ) you are vulnerable to at least two disasters:-Stan A. Einstein wrote: August 27th, 2023, 10:38 am For some reason this topic seems to have taken root on the Newport v Sutton thread, it is clearly a separate topic. Only my views, and I have had to make certain suppositions which might turn out to be wrong. But with a spare half hour with nothing better to do on a Sunday morning here goes.
We know only that two parties seem viable at present. My guess is one is a consortium led by Jon Pratt, and one is a consortium led by Huw Jenkins. I agree with the poster on the v Sutton thread, County Mable I think, forgive me if I'm wrong, who thinks it would be for the best if they would work together. That said not withstanding Jon Pratt being a County supporter, I suspect his backers are not, meaning that a merger of the two is unlikely.
If my analysis is correct, clearly business people believe that they can make money by backing Newport County. That can only happen if Newport County are successful. So in and of itself that may be no bad thing. And hopefully we will no longer be subjected to the nonsense that most football clubs lose money most seasons. They don't and they never have. And lest any of you want to believe otherwise the on paper returns to companies house or HMRC are just that, on paper. You can disguise a lot of things on paper. For years those who disagreed with my view of the way Newport County were being administered argued that Newport County were in the black, doing well financially, etc,etc. As I say you can disguise lots of things on paper. Clubs who make money year in year out carry on year in year out. Clubs which don't have to go cap in hand to their supporters on a regular basis.
So who to support if supporters get to have a say. Simple really. Just one question for Mr Jenkins and Mr Pratt. That being.
What are your plans to to ensure Newport County have a proprietary interest in the home stadium in which we play our home games?
If either group either have plans to develop and build a new stadium or to merge with Dragons at Rodney Parade, then for goodness sake vote for that bid. If neither can answer in the affirmative then it really doesn't matter, our future is limited to put it mildly.
a) your rent can be raised to an unmanageable amount, and
b) it’s possible to be evicted
In addition of course the property could be neglected or made otherwise uncomfortable.
It’s a position that Stan has always held for these and other reasons ( income generation etc ) and I feel sorry for those that ridicule and minimise it, particularly if they’re renting themselves.
Do I think it’s likely to happen to Newport County at RP? No, I don’t but it would be marvellous to have a stake in our home, wouldn’t it? And of course ,meantime we must pay the rent.
The rise in mortgage rates means it is now cheaper to rent a home than to buy one for the first time since 2010, according to Zoopla.
The property website said the average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers on a 15% deposit.
Buy a property 25 years ago for £35000 + £25000 interest =£60,000....that property would be worth £150000/£200000 in today's market...double / treble your money
25 years rental of the same property @ approx £400pcm = £120000...double the payment and you don't own a brick....
Of course it's better to buy.
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