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Old 08-12-2019, 05:38 AM   #61
xxx000
FF.Com.Au Hardcore
 
Join Date: Aug 2007
Posts: 1,480
Default Re: Rent vs buy

Quote:
Originally Posted by CitroŽnbender View Post
Good observation, bit of a secret that.

Iíve always wondered why Bunnies donít build residential high rise above their shops; it would be perfect for many people.
I guess because it's not their business model or area of expertise and they'd run the risk of getting burnt.
Do what you know and do best
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Old 08-12-2019, 05:42 AM   #62
xxx000
FF.Com.Au Hardcore
 
Join Date: Aug 2007
Posts: 1,480
Default Re: Rent vs buy

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Originally Posted by CitroŽnbender View Post
My younger brother is in this category. He inherited a place in NZ but due to antiquated body corporate regs it canít legally be let. Rather than sell it, push back or flout the rules he leaves it empty. And rents inner city in Australia on an upper level professional officerís salary with shift loadings. Totally does my head in.
Company title in Australia generally means that you can't rent it out unless you get permission from other owners in the block
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Old 08-12-2019, 06:20 AM   #63
CitroŽnbender
DIY tragic
 
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 3,428
Default Re: Rent vs buy

That is true, and applies in NZ also - but to not do anything (other than implicitly forego income) is what I cannot fathom.
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