Australia's largest stock trading and investment forum Australia's #1 stock forum

Landlords are Leaches, page-462

First 462 Last

Share
Profile

Follow
uranium69

4,923 Posts.

342

26/04/24

14:01

Post #: 73525194
Share

Originally posted by wiskers: ↑

I brought my first property in 1983 as a PPR

Interest rate of 12.5%

then climb to 17% on my PPR in 1988/9

and have being coming down every since.

Also brought a unit for 43,000 in 1985 forget the interest rate was then, but in 1988/9 they where 22% and that was in the day when the thought they were entitled to your tax deduction.

who said I was a renter.

you don't have to be a land lord there are plenty of better investments than residential property.

It sounds like you brought at the top of the market, well no capital growth for 10yrs for you, sorry about that

you sold that rubbish that property only goes up

Expand

come on man.. stop making up number...

you brought your house at 17 percent interest.... the house cost you $100k...

who cares if you about 17 percent interest if your borrowing only 100k...

in today 2024....

you borrow $1m loan.... at 4 percent interest...

thats is still massive compare to you before...

we talking about ratio.....

if a house cost me $80k and the interest at 25 percent ill take it asap....

cost me 20k a year only....

are you even thinking straight?
Upvote

Reply

There are more pages in this discussion • 576 more messages in this thread...

First 462 Last