Buy or Rent in Udon - Best Option ?

Personally I would rather purchase my own home, always have, even when the economics don't stack up, but here in Udon rental properties are so cheap, and property is difficult to dispose of if circumstances change, I rent, mainly because I can't afford to pull anything out of the trust that provides my income in Australia.

The house I live in is 2 story & 4 bedrooms in a nice estate. rent is 8000 PCM on a house that cost when new 2.5 Million, replacement cost 3.5 Million but actually has a current realisable worth less than 2 mill.

Gives a return to the landlord of less than 4%, in fact quite a bit less because the LL pays for maintenance, which this year was 16,000 PA which gives her a nett return of 3.2% PA on her purchase price..
Personally I don't know why she bothers, (mind you I'm happy that she does), because capital gain has been negative over the 10 yrs she has owned the place.
The downside is that its difficult to make improvements, upside is I can give a months notice and move somewhere else if needed.

arjay wrote:

OT....never pays rent.....

Not even for "Well fit Birds"?!!

and what hapens to the house , land , car and motorbike ,
you bought , and your wife owns ,
if/when , she finds out about the WFB .???