??? what is depreciating?
The house, it’s in a row of similar ones, at the peak I think one sold for £120k, next door has now been on the market for almost 2 years at £100k and not sold, the one 4 doors down just sold for £55k (but requires a big chunk of renovation).
Yes, but he is the one with the asset, and you are the one paying for it. You are paying for his pension – very generous of you.
Actualy he’s paying mine, as the only person making money out of the whole bit of a mess att he moment is the bank, and odds are some of my pension fund is invested in their shares 😛 At some point they’ll have a house worth something and it’ll start making money, but untill then my rent doesnt even cover the depreciation and interest payments on that ‘asset’.