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On Thu, 11 Apr 2013 20:09:56 +0100, Orchid Win7 v1 wrote:
>>> I mean, think about it. The longer I have the property, the older and
>>> therefore less desirable it becomes. The green fields around it get
>>> built on, reducing the value. The surrounding properties get cheaper
>>> so the wrong sort of people start moving in and making the
>>> neighbourhood undesirable. And so on.
>>
>> And you also make improvements to the house. You might (for example)
>> put a new roof on it, or build an addition, or redo the kitchen. Those
>> things add value.
>
> Hmm, OK. I'm not sure how much of that I'm allowed to do since I'm not
> actually buying the entire thing, I'm renting part of it from somebody
> else. It's just one more of the things on my list of stuff I need to
> figure out...
Rental is a different thing, obviously - we own our home, we're not
renting it.
The arrangement that you've got, are you getting ownership/title in the
property? Or are you signing a rental agreement?
Jim
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