60sqm thats small
Looking to build early next year current plans I think are garage is round 73sqm
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73sqm garage? LOL
You gonna park your fleet of ferraris from the proceed of IRN? :D
I hate dealing with contractors, esp those that constantly complains to me about not able to do this and that and cant meet deadlines. The worst part is neighbours who complain. In the up market areas, the neighbours usually wants you to pay them to sign off the consent. Bunch of assholes..... shiat, I am starting to sound like Clint Eastwood in the movie Grand Tourino.
LOL yeah more like FPV I'm a ford man love me V8's even though I'm quite keen one day on a typhoon turbo 6--- 0-100km sub 5secs can be easy mod to eat ferraris
going off my current numbers we'll save $30pw owning are own home rather than renting here just down the road from are section.
As for dealing with contractors consents going leave that to the home builders -currently dealing with platinum & golden homes
Have you tried out the new Nissan GTR? 0-100km in 3.5 sec!! Supercar performance without the supercar price.
Good idea to own your own home. Renting only gives your money to the landlord. I have never rented. Have always been a home owner and a landlord. Owning a home also gives you security and a sense of wellbeing.
Really? It seems like a better deal to rent and purchase an IP rather than buying an owner-occupied home at first, with all the associated tax benefits and depreciation, etc.
-the bank-
An if home inflation on average is at 5% your average bank interest 7% owning your own home is a true wealth cost of 2% per ann so for ever 100,000 loan say a true cost of =$2,000 per ann + expenses
Now if you renting you have no hedge on that home inflation so true cost is your rent
=rough est per 100k home $100pw or $5200pa
Current we pay 500pw or $26,000pa looking forward to paying 480pw for a own property
Now I'm talking about NZ here where property is like gold in NZ'er eyes
Smart investors uses others money to make money-
so are you buying the place that you are renting? if not, then your comparison is pointless.
most people that go from renting to owning typically 'downgrade', and think that they are somehow saving money.
currently I pay $520pw to rent, it would cost me a lot more to own...
No we'll be living in a house that will be twice as good fact is I've used the banks funds to make me money in the past so the loan will be only 50% of the value
OK my comparison isn't perfect but to think renting is some way is better long term financial rather than owning your own home(even if it isn't as good) is just plain stupid-Inflation takes care of that history is a great example here in NZ
Not better, financial isn't a reason to do either. The financial benefits of owning a home over renting are consistently exaggerated in this country - based on a lot of misinformation. Of course, that is what HAS created house inflation in the past, though I wouldn't want to put my faith on that continuing.
So in your example, you are only going to be paying $20pw less in cash terms - but what about the cost of having that equity tied up?