Yeah but if you look at the capital gains it can be smart. In New Zealand it's a huge tax loop hole too. I have a mortgage and 3 boarders. I pay no tax on the

Yeah but if you look at the capital gains it can be smart. In New Zealand it's a huge tax loop hole too. I have a mortgage and 3 boarders. I pay no tax on the rent from the boarders, I pay no tax on the capital gains. My estimated house value has increased in the first 8 months enough to offset the first years interest payments. While the market is booming this seems the best thing for me to do. I know the market will not continue to increase like this. I also know I'm taking a risk. But the other side of that is in our largest city housing has become affordable with the average sales price being $1,013,632 while 10 years ago it was around the $400,000 mark. I'm not sure anyone's savings/investing could offset that?