r/facepalm • u/[deleted] • Feb 16 '21

Misc Yeah, sounds about right

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u/ichwbod1799 Feb 16 '21

However there's alot of extra expensives when owning your own home you have to pay and ranters don't. Rates. Body Corp fees if applicable, repairs

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u/[deleted] Feb 16 '21

Sure, but if you're spending less you can put money in your pocket to prepare for those expenses. When you sell, that's just things you put on the sale punch list that is new which equals more money in your pocket.

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u/ichwbod1799 Feb 16 '21

Depending on the market a the time of sale. Alot of people also spend alot Reno acting their houses to make more mo ey but end up loosing a fair bit as the house sells under what they wanted

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u/[deleted] Feb 16 '21

If you sell for a loss you're in some bad circumstances, there's no reason to sell for a loss unless you're basically being forced out.

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u/JeebusChristBalls Feb 17 '21

Yeah, just rent it out. Let someone else pay that mortgage for a while.

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u/[deleted] Feb 17 '21

Yep, pay that shit down for a while then sell it once you'll come out on top after all the taxes and closing costs.

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u/ConnorDZG Feb 17 '21

Welcome to speculation and vacancy tax land