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Originally posted by jakethelad:
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I work in the mining sector, earning good money and have done now for a decade. Earlier this year I paid off my housing loan on my lovely 500m3 3x1 property in Kingsley. Its a modest house that we have slowly renovated - only the laundry and toilet to go!
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Eventually, they (the overleveraged) will learn a hard lesson, jake. Currently, you are doing the right thing owning unencumbered RE and improving the value via renovating within your means - but be careful not to over capitalize
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