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[Wayne]

A bit of a stretch...

[Wayne]

Take care to think this through - the video is a bit simplistic.
After taking the $100k load you pay $5k interest instead of $30k tax.
Of course, year 2 you pay $10k interest - leaving $80k to spend.
At year 10 you are paying $50k interest leaving $50k to spend.
So you need to...

[Wayne]

You predicted a few things - still waiting for negative interest rates (and it seems the next OCR change is more likely up than down)....

[Wayne]

And the video does cover that - he says instead of paying 30% tax YOU pay 5% interest...

[Wayne]

Wrong ....

[Wayne]

I gather you think that the 5000 houses will either disappear or be empty after the HH changes become a requirement?
What is the solution to the housing issue?...

[Wayne]

Worked that out about 44 years ago!...

[Wayne]

Easy to get brainwashed by a different source and think you are breaking free though.
I have passed the mere 'rich' stage and idling toward ridiculously rich. No need for hard work now....

[Wayne]

I don't see the point in not being straight with the landlord - what do you gain?
If I was the LL I would have contacted you already - or maybe the LL doesn't want you to renew and is hoping that you will forget to notify 'at least 3 months before'?

[Wayne]

It's almost criminal believing all this stuff.
Good for a laugh though....