glasshouse
Member
- Location
- lothians
In theory yesLook at the interest only mortgage as rent of land?
At £100acre rent how much could you pay for land at current interest rates?
Apart from rent is dead money, by paying interest only its allowing you to own a appreciating asset.
The borrowed money will become less every year due to inflation at 2.8%?
The last ten yr is like 1970-1980
Land went from £300 to £3000 back then
Those who bought in 1970 got lucky., those who bought in 1979 went bust when the price dropped back to £1000 or less