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  • Property-a-holics

    Buying versus renting - Khan Academy videos

    For some months, I have been using Khan Academy to encourage my son, about to take his GCSE exams, to do some study of a different kind, watching videos of simple or more complex maths problems.

    I like the approach taken by Khan in educating the masses. He has recently released a short series of videos on the subject of the relative merits of buying or renting a home. Though based on the American model (specifically, California real estate) the principles apply to UK property investment too.

    In particular, in the third video in the series, Khan reflects on some of the assumptions you make about the future, which affects the end result in video 4 of the net present value of renting versus buying (or vice versa). There are some interesting differences between treatment of tax relief, and responsibility for home ownership taxes. Though these are currently different from the UK those who have been around long enough will remember in the Thatcher years when interest on mortgages used to be tax deductible even for your Principal Private Residence, and for those of you who keep up with global news, it will not have escaped your attention that there are moves afoot to consider annual property taxes in the UK. Whether this will replace, or add to, council tax, the important thing to remember, is that the burden will be on the property owners, not the renters. USA property tax (as I understand) is almost synonymous with UK council tax. The former is paid by the owner, the latter is paid by the tenant.

    Enjoy.

    https://www.khanacademy.org/economics-fi...ing-a-home
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    Great video(s) Gerry, thanks for sharing.

    It is US focused but not too far off UK for comparison.
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