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Old 18-02-2014, 08:43 AM   #16
zilo
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Join Date: Jul 2012
Posts: 2,886
Default Re: I can pay off my house in 4 years pretty much on poor blokes wage!

Quote:
Originally Posted by blackwasp View Post
ok i have to respond now! i have 145k in the bank, renting 350/w. not sure what to do. i hear/read about the impending bust in the housing market.
1. should i buy a home to live in where i'm living now 50km from work , don't mind it but could easily afford 350k mortgage
2 should i buy where i really want to live , 8km from work , near the beach but with a hefty 500k mortgage
3. should i buy an investment property where the rent pays for the mortgage
4 just continue to rent where i am 50km from work and save more money?

live in sydney with wife(not working) and 1 kid
cheers
confused

50k from work?


that's costing a pile of time and dollars and stress in travel.

you must get up in the dark and get home in the dark?

I would rent closer to work mate or get the cheapest house as close to work as possible....
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