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  1. O

    Unsure if it is the time to buy rental property?!

    Reply: 1.1.1.1 From: Owen . The example was extreme for sure but it was just to provide some food for thought. If the price of property doesn't drop and interest rates do rise then the differentiation in cost in my example is even more. I guess the point I was trying to make was if you can...
  2. O

    Unsure if it is the time to buy rental property?!

    Reply: 1.1 From: Owen . Good point Rolf. Say an average 2br apartment cost $280k now and the I/O interest rates are 6%. 280000 * 0.06 = 16800 * 5 = $84,000 in interest over 5 years. If you wait until the market drops say ~10% but interest rates have risen to 8%. A 2br apartment now costs...
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