Tag: home ownership

Written by wildfry

The folly of home ownership (Short)

How to explain in 1 page why someone who buys an investment property can make a 20x return on equity in 30 years, and the average home owner loses money over the same period. Mortgage interest First 2 Years Next 28 Years Average 50% Variable 1.49% Estimates only 50% Fixed 1.89% 4.25% 4.09% 80% Variable […]

Written by wildfry

The folly of home ownership

Buying my home is a complete financial folly, and against all my financial principles. I can only justify it because I can afford this folly, thanks to the high yields I have on investment properties overseas, and because I have no mortgage.   But I watch so many of my younger friends diving into home […]