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  • Profile photo of ttenrocattenroca
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    @ttenroca
    Join Date: 2007
    Post Count: 3
    April 10, 2007 - 10:23 pm

    Thanks for your input so far by the way – very much aprpeciated. :-)

    Profile photo of ttenrocattenroca
    Member
    @ttenroca
    Join Date: 2007
    Post Count: 3
    April 10, 2007 - 10:23 pm

    My back of the envelope workin-out worked out at about $200 a week after tax, so that seems to marry up. I can live with that no problem.

    In talking about goals – I guess ours is to be in the house we want in 5 years with a small a mortgage as possible. Long term I dont expect to have any financial problems.

    I would be hesitent to sell where we are now for a number of reasons. #1 the market where we are is not great at the moment. #2. Its a great house for us right now – just in the wrong spot (VERY convienient spot, just not where we want to live). #3. We have spent a reasonable amount of money renovating and extending the current property, doing all the work myself with the intension of staying there for a while.

    Whats to stop someone, with say $400k equity in the place we have now, and with a decent yearly income, just buying 2 or 3 places right now. Maybe the one in Bulli, and another with better returns solely as an investment?

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