Home Sweet Home
Whenever I go to a city that is new to me I usually do some window shopping in real estate offices. Over the past 30 or so years I have looked in many windows and observed a curious world-wide correlation between the sale price of a house and its potential weekly rental.
This has led me to the conclusion that it would always be cheaper to rent than to sink your cash into buying your home. Two cities that did not conform to this general principle were Riyadh and Port Moresby!
Decisions regarding “home” can NEVER be made simply on the basis of money – in, out or borrowed.
When making a lifestyle decision I commend to you a piece of advice I received when I was in my 20’s and had just acquired my first house, complete with mortgage – “Rodney don’t even think about how much your house is worth. You didn’t buy it as an investment; it is your HOME!”