Sounds like advice i'd get from some a 21yo at the pub. Look at his net ball trophy, very impressive.
I honestly don't know why so much credence is given to these economics columnists / commentators. They are just throwing darts like the rest of us. They are often wrong like the rest of us. But they give false hope to vulnerable people. Renters are one of the most vulnerable groups in society and are very susceptible to this kind of message.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
I honestly don't know why so much credence is given to these economics columnists / commentators. They are just throwing darts like the rest of us. They are often wrong like the rest of us. But they give false hope to vulnerable people. Renters are one of the most vulnerable groups in society and are very susceptible to this kind of message.
I am a renter and certainly don't feel like a vulnerable person. I receive no financial assistance from the taxpayer. I contribute a huge amount of tax to the rest of society. I choose not to purchase a home at the moment as it simply doesn't make financial sense. My rent is $1750 a month and to purchase the same home would cost over $7000 a month. Easy decision.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I honestly don't know why so much credence is given to these economics columnists / commentators. They are just throwing darts like the rest of us. They are often wrong like the rest of us. But they give false hope to vulnerable people. Renters are one of the most vulnerable groups in society and are very susceptible to this kind of message.
A Ponzi is a Ponzi, doesn't matter how long it runs, at some point it will stop! May be some people like be will bite the bullet and buy into something because they don't want the torture from moving house etc, but that wouldn't stop it from crashing at some point.
Good for you, us LL's need tenants who cant think past next week.
My rent is now $0, but would be $2400/mth if I had to rent it Thanks for helping considerably with paying it off
On this I have to agree with the original poster. Sometimes it makes no financial sense to buy. We rent on the harbour for $2500/mth. It would be well in excess of $6000-7000/mth to buy the same place. Money is better spent currently on accumulating investment properties.
Rent in a nice location, and invest in good locations. You can have your cake and eat it too. When the Sydney market cools (which in a property cycle, it will), then just move all the offset money from investment properties, to buy the PPOR outright, and the investment loans are still all tax deductible.
The are multiple ways to achieve financial freedom.
Buy a good case of 2016 wine/whiskey when you do and lay it down. Drink a bottle during your milestones. It is a good thing owning your own home. It is a better thing buying it at a good price.
Studio apartment/broom closet? edit - just looked, there are some reasonable units in that price bracket and in this instance I agree with you, I to would rent Vs buy IF I had to live in that area.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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