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35,472 Posts.
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28/12/14
11:47
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There is one very important thing missed here that I mentioned earlier.
Once you buy, you lock in your debt in todays dollars - FIXED
You need to add at least inflation to your rental costs when comparing over life of mortgage (20-30 years)
one goes DOWN and stops!
the other goes UP forever!
this is where renters lose big time as they compare the short term view only. aka Massey etc
Last edited by
Sector:
28/12/14
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