Quote:
Originally Posted by vegasbobby
Think about this, if you roughly paid around $800-$1100 of rent per month and you do it for 10 years you lose $100,000 roughly. Does that make any sense!!!
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Last 10 years i lived in Thailand, Brazil, Argentina, Mexico, Vietnam, Cambodia, Curacao, Bonaire, Surinam, Colombia, Holland, Spain, India,... Most will need to sell their house with big profit to be able to do that.
Most people don't have cash for a house and need a 4 - 6% mortgage. 1% used to lower your debts, rest for the bank. House of 300K, so the bank gets about 1000 euro per month doing nothing. While you pay tax and make costs to keep their property in condition.