Originally Posted by
thegreatestben
It's tough RTM, what you don't see is the challenges people have had while holding those properties. I am in the opposite position and I'm all in, sort of second wave too. I still own my first home and have done for 12 years now. I was mortgage free and I had the opportunity to subdivide as I was rezoned to medium density. I'm now loaded to the gills as I hold 3x homes and close to 2m in mortgage. I just refixed for 6 months on the lot at 6.95% and my interest only bill is $10,200 a month. Having to top up $1000 a week as rent doesn't come close after all the costs (mostly rates and insurance).
It's been tough, I am looking at all my investments and wondering why I bother lately.