Caz,

Many people feel the way you do, so dont feel alone. However, look at it this way. If interest rates are 6% and you have a $200k property you are paying $12k interest (rent) to the Bank. If you are renting in a low yield area (as I do) at say 4%, then you are only paying $8k in rent.

Until such time as you build enough equity to purchase a…[Read more]