There is a lot of emotional claptrap connected to residential housing rental investments. People complaining about the destructibility of interest charges, but they either own a business or work for a business (assumes a working person ) and either way the cost of loans is a deductible cost for doing business. commercial real estate claims the cost of borrowing. Would you expect large companies to eat the cost of borrowing to their bottom line - no way the business sector would fail. So housing is generally a means for people to investing in a possible growth investment. While they could invest in shares and no one on this blog would make a comment, however when they invest in property the magnifying glass is run over what is a legitimate claim. If few invested in property you would be waiting decades or forever for the government to provide the finance. Rental housing investments also come with a fair risk given the climate change regular occurrences and insurance costs are rising double digit % per year. Maintenance labour is escalating at the a significant rate.
