You are right, the tax savings don’t cover my costs, but it certainly helps.
Rental from 11 years ago used as an illustrative purpose to let you know that the suckers that pay my mortgage are paying much more than I do — which is likely the case with your $1 million condo as well. Do you really think they paid that much for it? Don’t kid yourself, you are covering their mortgage and likely more.
I am confident in my decisions today, because I am not waiting to get in on a goldmine because I missed it in the past. Sorry, but you are in that latter camp.
