Quote:
Originally Posted by wealthy1
(Post 867616)
I'd like to live closer to CBD as I'm single and would like to be close to social amenities. So better to rent or buy? |
I only rented once for 6 months, (of course it was cheaper to rent a really trendy unit than buy one) but I hated the fact that $400 a week was going into someone else's pocket.
If you buy an IP then rent a place for yourself, sure you get the tax benefits from the IP but what are you going to do with that? Will you pay your IP off or will you spend it...Think about your habits and what is realistic and what you want to achieve in the long term.
Just my 2 cents worth.