I really like your intro there. Living in Sydney, I am suspecting that the reason why our property prices are akin to California is because of those same distorted tax structures.
I bought young. It costs the same to rent as buy here, so buying was a no-brainer. My house will not ever appreciate in value very much but I’ll have no payment soon. I’ll still have taxes, insurance and upkeep, of course.
I really like your intro there. Living in Sydney, I am suspecting that the reason why our property prices are akin to California is because of those same distorted tax structures.
Great explanation of the inflation break even, which I don’t often see in rent vs buy discussions. And of course the California issue.
I bought young. It costs the same to rent as buy here, so buying was a no-brainer. My house will not ever appreciate in value very much but I’ll have no payment soon. I’ll still have taxes, insurance and upkeep, of course.
Very glad I bought.