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Purchasing a new pad
#19

Purchasing a new pad

Thanks biginjapan. Clear now I definitely won't be making (substantial) money off the place if I intend to live in it. The 3:1 ratio sounds good.

Quote: (10-14-2012 02:43 PM)ElJefe Wrote:  

Also: why do you want to purchase? What do you hope to get by buying that you won't get through renting?

A place to live, stability and as a long-term investment. Plus the rent in Syd is sky-high - i'd figure $350 a week would be wasted money.

?Maybe a shitty studio apartment in the city for $175K might be more appropriate.

If you're not growing, you're dying.
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