Quote:
Originally Posted by 320touring
I'm interested by the "mortgage" payoff comments here..
I'm 30, and have only ever stayed in rented accom since I flew the nest..
Cost per month has always been similar to a mortgage on the properties I've stayed in, but there is one big advantage..
New boiler=1 yrs rent
dead shower? = 1 months rent
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A new boiler should last 20 to 50 years tho and a new shower should last about the same if done well.
I'm looking at maybe buying a house to rent out because the income from it would pay me back in 3 to 5 years.
I get to pretty much live in my house for free because my room mate pays enough to cover utility costs and a fair amount of the taxes.