rent vs buy - a cost comparison, page-4

  1. 399 Posts.
    I bought a 2 bedroom townhouse 4 years ago for 345k, the tenants were paying 295/week. I have moved into the property since i bought. The next door property was sold for 605k and is now rented 420/week.
    surely, during the initial years you will pay more interest but after few years, the joy of owning my own home offsets the pain of paying the extra interest.

    Just my 2 cents worth.
 
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