Re:Is it better to buy or rent?
by knodi123 on Friday June 19, 2015 @10:24AM
(#9744930)
it's definitely a balancing act, where the balance point depends on your own personality and proclivities. However, I think we can all agree that a formula involving London home prices is not going to be very representative of the rest of the world! ;-)
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Actually in the tech sector the price vs salary ratio is pretty consistent all over the UK. The prices are high in London but you earn a pile of cash. The inverse is also true elsewhere.
London is one of those crazy places where a job jump can actually get a salary boost larger than the national average salary in its entirety which is where the short term advantage is if you know how to play the market.