NZ Property Myth Busted? Check This Buy vs. Rent Comparison Over 30 Years
An Auckland first-home buyer scenario from economist Shamubeel Eaqub shows the renter ending up with $2.83m in investments vs the homeowner’s $2.1m house after 30 years. A $724k difference under current assumptions (3% house growth, 5% mortgage, investing the difference at 5.4%).
Would you still buy, or does this change how you see renting long-term?
u/Maxim_Sherstobitov — 8 days ago