A good article in the Sun Herald today presents the good and bad sides of renting or owning a house. I liked the advice to renters "work out what type of house you want to buy later. Then invest the difference between the rent you are paying and what you would have to pay on a mortgage."
The article doesn't discuss the alternative, of buying a rental property as an investment, and living in rented accommodation. The key to that is to have a good property management agent that will look after your property effectively.
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