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@marionsantiago Yes, it could very well crash. That 8% is not guaranteed, just like the 6%. The reason I assumed 8% gains is because there are many industries that are well positioned to take advantage of the high inflation conditions that we are currently in. When we come out of the...

@sherylb 100% agree with this. Unlike housing gains, share investing, bond investing, and dividend income are quiet and not much spoken of, even when they're big. I think it is another reason why the majority of the people don't pay attention to the other investment route.

@sherylb Your numbers make sense. Thanks for your input!

@sherbetmayhem It is 4%, as pointed out by @sherylb

@amos_6eight Thanks for your comment. Yes, there are many additional costs involved in home ownership that are not included in the above estimate. As you mentioned, having a secure base is invaluable. I personally think everybody should own a home eventually, without the rushing to buy one.

@gamebai886 Agree with the lowering expense to build equity. It is the same with renting. There are many investments other than home ownership that help you achieve this goal. Times have changed. Apart from the pure emotional benefits, I just find it hard why people are not willing to explore...

@gamebai886 Yes, that is the reason everyone needs to invest in assets and not save money. Assets can mean other things than just homes.

@cfitz Interest rate changes are directly linked to growth and vice versa in all free market economies. You can not be immune to these changes just by owning a home. When the interest rate rises, the non-mortgage expenses of housing will go up as well. On the other hand, if you are renting and...

@sherylb Agree with that!

@blessedisshe You are right, the council rates needs be a separate item. Strongly agree! home prices will rise inevitably but it will not double over the next ten years.

Hey everyone, I am a 30 yo male living with my partner in Auckland. Our combined household income is $150k p.a. I am currently renting a 3 bed. house for ~$600 p.w. ($2400 per month) - I do not own a home in NZ. I have a deposit of approx. $350k saved up so far - enough to afford the median...