Re:Renting is Throwing Money Away, Right? (2015)
by quickthrower2 on Monday April 23, 2018 @06:06AM
(#16902010)
1,2,3 don't apply in Australia. Here are some things do that apply in Australia, that are advantages, but not sure about the US:
1. Primary Residence has no Capital Gains Tax
2. Can rent out Primary Residence for up to 6 years at a time and keep it exempt from CGT.
3. Pension eligibility ignores Primary Residence value. So you can own a $1m house, $0 cash and get the pension. But $100,000 cash and renting you are SOL.
1. Primary Residence has no Capital Gains Tax 2. Can rent out Primary Residence for up to 6 years at a time and keep it exempt from CGT. 3. Pension eligibility ignores Primary Residence value. So you can own a $1m house, $0 cash and get the pension. But $100,000 cash and renting you are SOL.