Quote:
Originally Posted by Ambian
Is this really the case? You do hear it very often, but it usually comes across as "blah blah blah those youngins ... blah ... back in my day" and I kind of switch off. I don't really know many people looking to buy a house, so haven't experienced it first hand. Is the issue that people want big flashy houses for the first home? and not a 'foot in the door' type of place? Are people getting heavily into debt before even buying a house? is that part of the problem also?
A bit random I know, but I live a sheltered life  |
No significant debts here, (though have a $2k credit card which gets paid every month) but to take out a $200k mortgage by myself would leave me living below the poverty line (defined as $378/wk in March this year). To purchase the place as an investment property though whilst renting a similar property would leave me with much better standards of living.
It's insane that it's more economical to rent an identical place and have someone else live in an investment property than it is to live in my own property.
