Quote:
Originally Posted by Lenny2
The rent you pay on a house or apartment is usually more than the mortgage would cost to buy the property. Otherwise how does the landlord pay the mortgage.
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Maybe it's different in your part of the world, but in Australia there are plenty of things you can claim such as interest and depreciation that will reduce the "break even" point to below your required monthly mortgage payment. Even if the mortgage payment isn't fully covered you are still paying off an asset at a fraction of the cost...