{"id":67670,"date":"2023-09-23T07:47:03","date_gmt":"2023-09-23T07:47:03","guid":{"rendered":"https:\/\/hotcelebon.com\/?p=67670"},"modified":"2023-09-23T07:47:03","modified_gmt":"2023-09-23T07:47:03","slug":"what-i-rent-trader-siam-who-can-afford-to-buy-but-prefers-renting","status":"publish","type":"post","link":"https:\/\/hotcelebon.com\/lifestyle\/what-i-rent-trader-siam-who-can-afford-to-buy-but-prefers-renting\/","title":{"rendered":"What I Rent: Trader Siam, who can afford to buy but prefers renting"},"content":{"rendered":"

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Welcome back to What I Rent \u2013 Metro\u2019s tenant diary series<\/strong>.<\/p>\n

This week we are chatting to Siam Kidd, who has been renting a house with his family in Norwich for the last three-and-a-half years.<\/p>\n

Siam says renting currently suits his way of life and buying a house seems \u2018illogical\u2019 for him at the moment.<\/p>\n

Here\u2019s what Siam has to say about it\u2026<\/p>\n

Tell us about yourself<\/p>\n

<\/strong>I\u2019m Siam Kidd, 37 years old from Norwich, and I\u2019m a full-time crypto trader and business owner.<\/p>\n

How much do you pay to live here?<\/p>\n

<\/strong>I\u2019ve been here for 3.5 years now and pay \u00a33,250p\/m rent, \u00a3330p\/m council tax, \u00a3350p\/m cleaners, \u00a3600p\/m gardeners, \u00a3250p\/m water and \u00a32,000p\/m in electricity.<\/p>\n

Yeah I know, there must be some dodgy wiring here.<\/p>\n

<\/p>\n

And what do you get for what you pay?<\/p>\n

<\/strong>We get a lovely house, annex, stables, garages and many acres of garden and woodland. Also, because I\u2019m a crypto trader, renting is perfect as it means I don\u2019t have huge sums of capital parked in a house. Plus, my business growth and crypto returns exceed normal house price appreciation.<\/p>\n

Do you feel like you have a good deal?<\/p>\n

<\/strong>Yes, it\u2019s a great deal. My businesses contribute to the rent, so that reduces personal outgoings a bit. Also, by not having to deploy huge capital into a house deposit and fees, I am able to grow that saved capital a lot more via my trading and businesses. <\/p>\n

So for me, personally, on every financial metric, buying a house is illogical. I\u2019m aware that this will seem bonkers to most.<\/p>\n

BILLS: Compare & Save<\/h3>\n