new buyers left behind in mortgage rush, page-69

  1. 1,314 Posts.
    "Scotty IMO most people would own their own home if they could an inheritance would make that so much easier."

    I could own my own home but I am choosing to go short and you presume an inheritance is cash, some perhaps, but most will be low risk income producing assets that need to be sold to realise the cash.

    "You could pick a near new 3x2 for $350k, if you have $80k that would mean borrowing $270K. You current rent would cover interest and rates, rent out 0ne room for $200 of two for $150 each"

    The Great Australian Dream. Buying a house to raise the family ... and the two tenants you got in to afford it.

 
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