We currently rent. Mainly because we don’t want to use up our borrowing capacity buying a property that will only cost us money every month.
Once our investments can fund it we will buy our own house. Although renting is cheaper than buying now, if you buy then in 10 years time (even after paying off nothing) owning will be way cheaper than renting. It is worth buying for the long run, if you can afford it
Ryan McLean | On Property
http://onproperty.com.au
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