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--Larry Wall in <199911192358.PAA24109@kiev.wall.org>
Did I say I expect Perl to do the right thing? :-)
--Larry Wall in <199911200217.SAA24898@kiev.wall.org>
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One thing missing from your calculations... (Score:2)
Yes, this is a gamble. But it's why people get into the buy-to-rent game, because it's usually a gamble that pays off very very well (my mum is basing her retirement on it).
Re:One thing missing from your calculations... (Score:2)
Long term I'd expect it to always pay off, on the assumption that people will always need houses to live in. But right now it feels like a big gamble.
I should have said that I'm aware that people are in this for the expected rise in the price of the property, which you benefit from even on an interest only mortgage. Someone I used to work for was expecting that by the time he retired the properties he owned would have paid off their mortgages, so that most of the rent would now be