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Old 02-04-2019, 06:50 PM   #872
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Join Date: Dec 2013
Location: Western sydney
Posts: 8,275
Default Re: Australia housing bubble

When i bought my house in 2012, my ex wifes brother went on a rant and said i was an idiot as renting is so much cheaper and easier. Firstly i bought in an area 30km closer to the city. So his rent was a lot cheaper then my mortgage at the time. A couple years later he bragged about how his rent remained the same yet others rent was going up and up. Then he got the 3 months notice as his rental had been sold. Now whos laughing? Not being able to justify the new rents that are double what he was paying, he rents out near bowral. Still has to comute to sydney airport every morning and back out to the sticks every arvo. Considering i pay less now then renting a 2 bedroom unit for a house and my land value has increased quite a percentage, i must have been an idiot to buy.
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