Australia's largest stock trading and investment forum Australia's #1 stock forum

False mindset on property, page-2

First 2 Last

Share
Profile

Follow
rebel1

28,737 Posts.

860

15/07/14

19:13

Post #: 13663839
Share

Originally posted by rebel1 ↑

On tonights news (channel 9 adelaide) was a report about cheap housing for people ..The lady was able to buy a home instead of renting...no figure were given other than she was paying $240 a week rent (no mention of if that was before or after any rent assistance). her mortgage is now $200 so it was touted she was saving...

She then said the money goes into her own home...which technically is correct...if she was receiving rent assistance she would behind now...if not she now has extra costs on top of the mortgage...

Council rates are a minimum $1000..so half the saving is gone... add water /sewerage rates and the other half of her saving is gone...

lets assume she is working...if she lost her job..her mortgage payment remains the same, if she was renting she gets rent relief...

If interest rates go up she is paying more....

Even the RBA stated the pendulum is swinging towards the rental people for the forseeable future...before I get flamed down on how much property has gone up...stop... lets look at from today onwards...i repeat today onwards....will a home buyer or a renter be better off???

Expand

http://www.smh.com.au/business/the-...obably-better-off-renting-20140714-zt6xx.html

rba article
3 Upvote

Reply

Top Stories

FBU

Fletcher Building 'exploring options' around construction division sale

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: How a megadam in Tibet pushed us into the red

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

There are more pages in this discussion • 42 more messages in this thread...

First 2 Last