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Is Rent "Dead Money"?

Is Rent "Dead Money"?

Old Apr 12th 2013, 12:11 pm
  #76  
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Default Re: Is Rent "Dead Money"?

Originally Posted by Beoz View Post
Empathy .... well ... my inlaws who are nearing retirement would certainly love to come and live near Mrs Beoz for a while but simply cannot afford it. They can't even afford a visit. Never in their wildest dreams would they consider using taxpayers money to fulfill their "want".
Oh I see your problem -envy's a dreadful emotion to carry- I've got a whole family who've paid tax out there all their lives, I'll make sure I make the most of it now just to spite your nasty little *ss
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Old Apr 12th 2013, 12:18 pm
  #77  
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Default Re: Is Rent "Dead Money"?

Originally Posted by IvanM View Post
Depends on Chinese demand and Euro zone procrastination.
or the South East Asia "fall out"
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Old Apr 12th 2013, 1:17 pm
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Default Re: Is Rent "Dead Money"?

How important is SE Asia compared to the red dragon?
Originally Posted by RedDragon2008 View Post
or the South East Asia "fall out"
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Old Apr 12th 2013, 1:26 pm
  #79  
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Default Re: Is Rent "Dead Money"?

Originally Posted by IvanM View Post
How important is SE Asia compared to the red dragon?
Wales?
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Old Apr 12th 2013, 4:08 pm
  #80  
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Default Re: Is Rent "Dead Money"?

Originally Posted by commonwealth View Post
that sounds like a yes.
Hmmm ...sounds more like a maybe to me
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Old Apr 12th 2013, 4:17 pm
  #81  
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Default Re: Is Rent "Dead Money"?

Originally Posted by GarryP View Post
You do have to make sure the advanced bits match your costs - and it only really works if you invest the difference between what you would have paid and the rent - if you blow it you are no better off
Originally Posted by commonwealth View Post
thats what i thought as well. one must have a disciplined approach to managing the difference between rent and mortgage repayments.
Good points. We really need to try and find a way to invest wisely the difference between renting and buying.

Anyone seen the documentary: "End of the road"?

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Old Apr 12th 2013, 10:36 pm
  #82  
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Default Re: Is Rent "Dead Money"?

Originally Posted by commonwealth View Post
ok would you buy a newly built studio apartment approx 45sqm
close to train station, 15 mins to Sydney CBD
with fitouts eg washer dryer dishwasher bed aircon
strata etc approx $1K per qtr
no stamp duty plus get $15K govt grant

for $450K?
That is a LOT of money for a tiny little apartment. Why would anyone even consider it?. Just confirms to me that my decision to move back to London was a good one.
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Old Apr 12th 2013, 11:08 pm
  #83  
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Default Re: Is Rent "Dead Money"?

Originally Posted by isgraham View Post
That is a LOT of money for a tiny little apartment. Why would anyone even consider it?. Just confirms to me that my decision to move back to London was a good one.
ummm yeah its a lot i think. the great australian ponzi scheme is still doing money-go-round.
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Old Apr 12th 2013, 11:14 pm
  #84  
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Default Re: Is Rent "Dead Money"?

Originally Posted by IvanM View Post
How important is SE Asia compared to the red dragon?
?

I was refering to north korea and "fall out"
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Old Apr 12th 2013, 11:19 pm
  #85  
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Default Re: Is Rent "Dead Money"?

Originally Posted by isgraham View Post
That is a LOT of money for a tiny little apartment. Why would anyone even consider it?. Just confirms to me that my decision to move back to London was a good one.
what can i buy in London with that money?
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Old Apr 12th 2013, 11:22 pm
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Default Re: Is Rent "Dead Money"?

Originally Posted by commonwealth View Post
ummm yeah its a lot i think. the great australian ponzi scheme is still doing money-go-round.
Buy Rent
Price $450,000
Grant -$15,000
Net $435,000
Int/Rnt 6.00% 3.50%
Per Year 26,100 15,750
Per Week 502 303

Compare it on the basis of interest only for mortagage, to what ever market rate is for rent.

Dont take my figures exactly just trying to give a structured comparison for you.

Firstly it looks the wrong thing to do because of the $200 per week short fall. But on a modest capital gain of 3% the gain equates to $259 per week.
So you are $59 per week better off doing nothing more than living on interest only compared to rental.

Its a plus in terms of a long term savings plan, and provides a somewhat emotional stake in the sand.

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Old Apr 12th 2013, 11:48 pm
  #87  
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Default Re: Is Rent "Dead Money"?

Originally Posted by commonwealth View Post
what can i buy in London with that money?
A three bedroomed house
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Old Apr 12th 2013, 11:50 pm
  #88  
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Default Re: Is Rent "Dead Money"?

omg
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Old Apr 13th 2013, 12:04 am
  #89  
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Default Re: Is Rent "Dead Money"?

Originally Posted by paulry View Post
A three bedroomed house
Actually with the FX rate you probably could, but I can tell you now it would not be a nice area, and even then it would be modest, and nowhere near as close as this Sydney place to the centre.
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Old Apr 13th 2013, 12:42 am
  #90  
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Default Re: Is Rent "Dead Money"?

yeah this new apartment (with an enclosed bed area unlike most studios) is in inner city with a nice neighbourhood cafes and well presented residents and close to station. rents are around $350pw for a studio.
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