"So , I reckon he's got the right idea ( and at least he's having a crack ) . If he keeps plugging away , even with modest growth rates , imagine his financial position when he's 50 ?
So let's look at your position . Your rental is way out of town. What about travel costs ? Nothing wrong with living in the country ( I do ) but it's cheaper for a reason . The rent money you pay is not adding to your wealth , it's gone forever .
His is. He is creating wealth ( the whole point ) and he doesn't have to answer to a landlord ."
Then you write this;
"Well I'm glad you made that clear . How is running a business comparable to investing in property ?
Yes , by working in that business you are investing ( by definition ) your time and effort plus a bit of capital . The main component of that investment is your time.
That's like saying that Greg Norman invested in golf !"
Acorn you are doing backflips.
Either way I am better off renting for 7k per year with no outgoings. As opposed to the buyer paying 30k in holding costs.
That money I invest - many on here suggest this money is wasted.
All the risk is to the downside and by shorting CBa I will profit from this.
