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- 25 September 2004
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What I'm thinking of doing is instead of buying a house I'm thinking buy stock in a bank and heavly gear it.
It would be much more liquid and no duties, land tax, insurance, vacancy time, no realestate agents fees, dividends would help cover the interest and interest is tax deductable. All benefits.
The downside is in the stocks drops dramatically I'll take heavy losses.
What do you guys think?
It would be much more liquid and no duties, land tax, insurance, vacancy time, no realestate agents fees, dividends would help cover the interest and interest is tax deductable. All benefits.
The downside is in the stocks drops dramatically I'll take heavy losses.
What do you guys think?