• GenEcon@lemm.ee
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    1 year ago
    1. The 20 % deposit has to be taken into the calculation as well.

    2. You are completly neglecting insurance.

    3. You are negleticing maintanance.

    4. You are comparing two different properties.

    • Nath@aussie.zone
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      1 year ago
      1. The 20% deposit is the entire point. It’s the barrier of entry to home ownership that keeps people renting. Of course I factored it in, it’s why I spoke of a mortgage of $344k and not $430k.
      2. What does insurance have to do with anything? We are comparing rent to repayments. We have renter’s insurance now. We’d be changing that.
      3. Are you saying you spend over $100 per week, every week on maintenance?
      4. True. We’ve downsized from a four bedroom house to a three bedroom townhouse. You’ll just have to take my word for it that 4 bedroom houses in the next suburb go for about the same as the place we have because I’ve already told Lemmy enough about where I live.