I kind of agree, but also disagree. Buying a house is more than just the mortgage payment. Insurance, utility bills, & shopping. I know everyone is different, but in my 20's I was happy still living at home and spunking most of what I had on cars. Saved some into a regular saver which then was used as deposit when I did eventually leave home.
But again, HP back then was double (or more) what PCP is now.
You could put money into a rental property. Homes under the Hammer etc, make it all look good fun, and you'll make 50 squillion quid at the end of it. But then you watch other shows which show tenants wrecking the house and refusing to pay rent pretty much as soon as they move in. I'm that unlucky, I'd get the bad tenants.
But I do regret not buying houses in the 90's before everything Boomed. I was looking at buying 2 houses with £5,000 deposit each. Mortgage £30 a week. Rent £70 a week. No brainer right? No. I test drove a 106 GTI at the same time and `had` to have one. I could be a multi-millionaire property tycoon by now.
I don't regret it though
Much ...............