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From a new-buyers perspective (i.e. my own) this is actually good advice.

Right now an average sized house is about as much to rent as it is to buy with a mortgage (at least here in the UK anyway). There is no sane way anyone should be renting a whole house.

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If, on top of your mortgage interest, you add in property taxes, property maintenance (2-5% annually?), brokerage fees and the gains foregone in purchasing property rather than bonds, is it still good advice?

> You add in property taxes, property maintenance (2-5% annually?), brokerage fees and the gains foregone in purchasing property rather than bonds, is it still good advice?

I should have mentioned; my calculations included most of those extras. To be honest, though, the only important thing is what you are paying out in total each month.

Also, if you're renting in the UK, you're the one paying the property tax (Council Tax in the UK), right?

Yep

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