well, I dont listen to nothing except the mathematics, If I had...

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makingmoneystill

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17/01/20

23:30

Post #: 42445897
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Originally posted by eclipse ↑

Interesting article in yesterday's SMH

"Researchers at EY recently set out to explore whether it is time we changed the narrative around rent versus buy, based on data from the past two decades."

"While the research found that two out of three Sydney residents think renting is a waste of money, economic modelling tells a different story."

In the model, two home seekers were given the same starting capital. One invested in home ownership, with the other renting a similar housing in the same location while also purchasing an ASX200 index fund.

The performance of their combined housing and investment choices over time were then compared. It revealed that the renters that maintained a leveraged investment in the ASX200 were better off than those who owed a property in the same area.

"Rent is no more ‘dead money' than paying interest on a mortgage. We need a strong new narrative about different ways for people to generate wealth while consuming housing as a product, not an investment," the report concluded.

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well, I dont listen to nothing except the mathematics,

If I had chosen to rent for the next 40 years I would be broke,

Because im smarter than the average yogi bear,

I've decided to own my own house,

Nuf said,

No tax

Invest in my self,

You guys just dont learn do you,

Buy dirt, dirt goes up, the next person buys your dirt of you for 1000% mark up,

Are some of you people so friggin stupid,

Btw, keystart will get you into a house of your own for $2000 deposit,

I did that 20 years ago, and now I'm living in my mc mansion,

When will you guys learn,

Jesus Christ,

Doh,
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