borrow at 8% for a 2% net return ? ouch, page-61

  1. 21,718 Posts.
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    "I much prefer my own savings plan. "

    Yes you can and I can do it, and probably most that read this forum can do it - but the populace at large cannot and don't do it.

    "There is a very good chance property prices will go nowhere for the next five to ten. If that happens your"have to save option" is really a "lose money option""

    This is only true potentially over the shorter term. At the end of the day though it would still be better to have an asset even if it is worth a little less, rather than have nothing to show for your money if you didn't save.
 
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