still it is much cheaper to rent. I sold my place and put the money in the bank. Now I live in place with a harbour side view and I got an extra $15,000 a year to play with. Property values still have a long way to fall before I will consider buying and forgoing cheap rent. Look at it this way $300 a week rent = $15,000 a year 3% rental return on investment (which is f-all) capitalized = 15,000/.03 500,000 I might buy back in if the return is 5% 15,000/.05 = $300,000 a 40% decline. forget about capital gain. ask John Symonds (Mortgage Choice) Property still a deadend investment
