Reaper
Tells it like it is.
- Joined
- Aug 15, 2004
- Messages
- 6,493
- Reaction score
- 11,536
- Points
- 113
- Location
- SE Suburbs, Melbourne
- Members Ride
- RG Z71 Colorado, 120 Prado , VDJ200, Vantage
Scotty_Doesn't_Know said:Thanks for making my argument for me Evman.
Mate I share a rental place because it only costs me $110 a week and I live with some pretty good mates, all into cars, all into motorsports, one of them competes in the NSW State Championship (Formula Vee) and we're all part of the team. Does your mortgage cost $110 a week? Thought not...
My mortgage costs me $300 a week (average 3br dbl garage brick house in Canberra) and I am into my 9th year of it. My tennents pay it off for me and I get to use the equity to buy another house (most likely before Christmas). Meanwhile I get to spend my income on things that really do put a huge grin on my face... like a new car!
Excellent strategy and you will do very well.
Reaper