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makingmoneystill

17,185 Posts.

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24/01/22

14:45

Post #: 59091605
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Originally posted by Justis ↑

Real estate appreciates on average 8% per year and on that basis doubles in value every 10 years. But that is average the reality is that real estate values could be stagnate for many years and even decline in value but then you get a property boom.

Doesn't matter much when you sell your property if you are going to buy another, you may get top dollar for property now but you pay top dollar for the one you buy.

All sorts of issues renting between selling and buying a new place, sure you can sign a lease for a period but no guarantee that you will get an extension.

If some one is prepared to live in the outer suburbs new developments you can buy a house and the mortgage repayments are less that renting

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Giday justis,

I think this is on its way to your house
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