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@zumbafanforever Assuming person A invests the inheritance and doesn’t spend it, they would probably have the more enjoyable life imo.

@galinavot The main difference is that you have to ask to redraw, with an offset the money is already yours in an account. Not an issue unless some unfortunate situation arose where the bank doesn’t want to give you the money back. Maybe you’re now unemployed, and the bank doesn’t trust they...

@christine7788 Yep without that brief second you’d be screwed, that’s why it’s a good thing to be sure that you want them before having them. Not always the case, unfortunately.

@christine7788 These types of post are a great reminder not to have kids unless you absolutely want to.

@b%E1%BA%A1ch0933 Offset is usually better because mortgage rates are generally higher than saving rates. But obviously if your offset would only save you 2.29%, and the savings rate gets you 4.75% (minus your marginal tax rate) then savings may work out better.

@inutah You can ask the property manager to just handle everything and bill you without contacting you. We’ve said anything lower than $1k just do it. Any emergency or higher money needed, then obviously ask us via email first. They haven’t contacted us in four years. I just receive the...