Quote:
Originally Posted by BA-XT
This.
Our rent was $360 a week or $18k a year.... makes my eyes water thinking about it now. Say our $475k house dropped by say 5% for a year.... still better off buying because it will bounce back up. Our long term growth is around eight percent.
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I just sold my house and mortgage repayments actually LESS than it would cost to rent.
If not for personal reasons I should have kept as an investment property but I needed to let it go.