Owning your own home

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dst2

You need to look at the figures, mortgage price, principle paid off each month, gross rental income etc

eg, your mortgage is 1500, 750 pays of capital, 750 interest. You
rent out at 2000 but after tax, fees, upkeep you get 1500 gross.

the 1500 covers your mortgage but as 750 is paying off the principle
then you will 'get that back' when you sell.

So before market change you will reduce the size of you mortgage by
(750*6) 4500.

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Dramatic_Hammer in reply to @dst2

It's not so much that (we would be well covered) but whether house prices in London change relative to those outside London and compared to money in the bank/invested...
It was much simpler when everything was stable. ¯_(ツ)_/¯

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