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Depends what country you're in really. Here in Australia the advise is pretty terrible. House prices in some cities go up faster than any investment you could
by jaimex2 6y ago
Depends what country you're in really. Here in Australia the advise is pretty terrible.
House prices in some cities go up faster than any investment you could make and there are some pretty crazy tax gymnastics purposely put in place to keep the dirt cash churning.
Meanwhile your mortgage repayments are slightly higher than renting in the same area so why wouldn't you just pay for an asset instead of paying off someone elses mortgage.
Youre building equity which you can leverage for other investments while keeping a roof over your head.