Quote:
Originally Posted by CCS
And if it's not mortgage free? Then the rent earnings go to the mortgage. Also, the rent earnings get taxed.
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My argument was in response to Ab's vacate the house & reap capital gains situation.
The gubbernment announced the rental home insulation mandate in 2016. If someone bought an un-insulated property for investment purposes after that time, then it's all on them. They should be getting no sympathy.
If someone already had an un-insulated investment property before 2016, then there property already has gained a solid 10% in capital gains and a solid $50 per week in rent increases since 2016, so as DrT said.. extend the mortgage.