Rent money isn't dead money where I live.I paid a little under...

Rent money isn't dead money where I live.

I paid a little under 20K in rent last financial year. House went up for sale at $490 - $520. We moved to a much nicer 4 bedroom house for $20 a week more and with the help of a few mates had it all done in 1 weekend.
The house I was living in just sold for $430k, a $70k loss in 12 months. Lets do the maths -

Income from IP $20k
Loss in value $70K
Interest on 500k @ 6% - $30K
Rates, maintenance, agents fees - lets call it $8k
Living/opportunity cost for their own PPR at 6% - $30k
Loss in value $50k
Rates and maintenance $5K

My total cost to live in a 3 bedroom house last financial year - $18'000
Total cost of living in a PPR and having a rental property - $193'000 less $18'000 in rent for a total of $175'000.

The look I give people when they tell me rent money is dead money - Priceless!