renting : dead money ?, page-6

garbage it is, that article is flawed big time,

first of all, who in their right sane mind would go and rent a $1.5 million property?

if you could do that, then you could more than afford to buy your own property, and still have money left over to troll HC and find a dog spec stock to lose it all on, lol.

renting is dead money, and it always always will be,

you are far better of buying your own property and will be in a far better financial position than any renter will be,

the banks look at you more favorably, particularly if you want money, to expand your property portfolio,

i remember when i was renting, i saved half of my wage so i could buy my own place so i wouldn't have to pay the landlord for his investment,

mind you back then it was only me, no missus, no kids, no habits.

that means i had money left over to invest in the market to set up my margin loan,

stayed in blue chips and kept my margin loan at 45% gearing, that meant i had more than enough room to move if the market or my particular shares went to crap.

their was no way the market would smash 55% over the course of my 12 month time frame, some of my mates laughed at me,

but now they are not laughing, they are spewing their guts up at how i achieved what i did,

i think a lot of people need to start being sensible in their approach to life in general,

buy your own property and it is your castle of security, no one can take it off you and no one can tell you to get out,

im a landlord now and i don't give my tenants the shits and they don't give me the shits,

that's the way i like it,

buy a property, its the best investment you will ever make.

live the dream, its all yours.