Article- renters getting best deal
The KING is back
A housing expert, (and shrewd crude) are both encouraging first home buyers to delay their plans and make the most of renting.
The property investors Federation says the weekly costs of home-owning are now around two and a half times that of renting.
Vice president Andrew King says prospective buyers could be saving around $20,000 a year by renting, which could then go to a down payment.
source: newstalk ZB... article on tele text...
Andrew King, any relation to our mate Joe?...
Costs of homeowning are 2.5 times that of renting....!..... huh?
what about the costs of owning a losing asset... that 300k asset is worth at least 30K less this year... So real savings (so far this year) are about 40K then huh....
:cool:
.^sc