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Rent to Buy - turned into a pig in a poke?

  • 09-04-2011 6:06pm
    #1
    RATM
    Closed Accounts Posts: 3,591 ✭✭✭


    I just read this on an EA's ad over on Daft.
    RENT TO BUY AVAILABLE OR TO BUY. * The biggest issues facing purchasers today are most likely the following: * How can I save a deposit, while also paying rent? * You get to secure the property at today's low prices, but don't have to pay until 1 years time. * Use all the rent you have paid as a deposit to purchase the property at a fixed price wh...

    What a load of claptrap.

    I seem to recall that Hueston Sth. Qtr was doing a rent to buy scheme and there was a thread on it here advising people not to get involved in any rent to buy scheme when in a falling market. The recent commentaries from economists suggest that prices might have another 15-30% to fall yet.

    So would it be fair to say those who bought in to the initial rent to buy schemes around 18 months ago have been sold a pig in a poke?


Comments

  • #2
    D3PO
    Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭D3PO


    ive said that since day 1.

    I have seen ZERO people come on here saying they bought using rent to buy and were happy. That speaks volumes


  • #3
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    D3PO wrote: »
    ive said that since day 1.

    I have seen ZERO people come on here saying they bought using rent to buy and were happy. That speaks volumes
    I've seen a few on here. It's a pity that they didn't do their maths, or they would have seen that they wouldn't have been able to have done the "use rent as deposit" bit for anther years, and not "recently" as they had claimed, ie: they seemed to be possible shills.


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