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95% of the time buying with a mortgage would have been better. Without being able to predict the future, that's good odds to me. Those odds get better with longer time frames.

You've twisted what I said (again). I said that: 1. 95% of houses would have gone up since 2000 2. For most ten year periods in the last 60 years, house prices would have gone up. So yes, there will be periods where house prices have not gone up in a ten year period. But overall they have gone...

Or age 23 or 24 or 25. But if you're in a position at age 30 to buy outright- and not many people on an average income would be- you have been in a position to buy with a mortgage for some years before that. Not many people are earning 200k+ by mid 20s. Your world is not representative of the...

If you can buy a 400k house by age 30 with cash, then you could have bought the house with a deposit and a mortgage perhaps by 22- when it was worth something less than 400k. For 8 years you would have been paying your mortgage and watching the price of your own house rise, rather than pay rent...

Regardless of what has been said, please get back on topic.

No, you were saying that it's better to buy a house outright. I am saying that it's better to buy and have a mortgage rather than to save and buy outright much further down the track.

Not one of the last 30 posts or so has been about getting to the end game. It's been about why where you live, or want to live, is better than anywhere else, and nowhere else is worth a pinch of salt. Back on the original topic. I would maintain that, in the absence of a high flier income...

There was an article once about where the North Shore actually started. The cartoon with the article showed a large well dressed lady with her nose very high up in the air- "The North Shore starts and ends with me". I think this is where the current argument is up to. Can we get back to the...

Not just now. I've wasted too much time with this troll myself. Any replies are only designed to provoke more responses. Had me fooled into thinking he was serious.

You pick one or two points from peoples' posts and attack those points, missing the whole thrust. What about doing some reading as I suggested? Though it may not do much. You have some very firm viewpoints, which seem to blind you to the positives in investing. You are too much focused on...

Many parents would have drawn on the value of their PPOR. It would be a hard ask for a young average couple to but their first house outright for cash without seeking parental help. Even a $450K house in the boondocks, any place you wish to malign, would take a long time to save for. If a...

There's some nice hellhole shacks in Dubbo or you could buy a five acre "Barwon River paradise" block next to Brewarrina for $200k and plonk a pretty nice house on it and have change left over for $450k for the lot. China, you have your work cut out for you to get the sort of place you want...

I was just saying that that is what happened to me. I certainly don't advocate this as a way to do things. I didn't have the advantage of forums like this when I started, I hadn't heard of Jan Somers' books until I'd bought a few properties. (btw, if you haven't yet, get yourself a copy. The...

You change what you're saying as you go. Why are you arguing here? A lot of people who are discussing with you have done extremely well out of property investment. Not because they are clever, or because they really know everything about property investment. They've done well because they...

That's incorrect. 1. If you pay off the interest, the size of the loan does not increase. Banks only very rarely let people have a loan where they pay off less than the interest. Most loans are principal and interest, but even interest only loans do not allow for the increase of the loan...

I felt similarly- except that as house prices were not going to go any further, I went into business instead. In 2004.