Yeah good points.
What I mean though is at the moment it looks like a bad investment i.e. paying more in interest and rates per year than just renting somewhere else. But in a few years once some principal is knocked down the total interest and rates cost will be less than renting.
Once at that point there is no more dead money going into rent.
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- borrow at 8% for a 2% net return ? ouch
Yeah good points.What I mean though is at the moment it looks...
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