"without 'crazy' capital gains, the only winner seems to be the 'friendly bank' !!!"
A rediculous statement that isnt worthy of my time to prove wrong...
You property bears like to convieniantly leave out the fact INVESTMENT properties earn rent. You also forget to mention in many cases the deposit is your outlay, not the full purchase price. So to compare $500k in cash with $500k property is misleading. You should compare $500k cash with $50k deposit (for anal nit pickers like BD yes I know there are also stamps etc...urghhh)
Anyway you have driven this whole property thread to a waste of time on nitpicking over dotted i's and crosed t's
Nothing is exact in investing so to be so anal is nothing more than a lame attempt to act intelligent. Projecting end results can differ vastly by a single percentage of capital gains or interest repayments.
All investing is a risk, so go get your money and stick it in the bank and wait for the sky to fall in.
