<sarcasm>
1) Because the Jones has a few properties
2) Negative gearing, it would reduce my tax
3) I can talk about how many properties I "owned" (in fact, borrowed money from bank at 100%) at <insert some prestigious locations> in social gatherings, making me feel good.
4) Taxi driver talked me into it.
5) Property price ALWAYS GOES UP.
6) Rent money is dead money, someone is paying for my loan.
7) It is all over TV with all those renovation shows.
8) Everybody is doing it.
</sarcasm>
1) Because the Jones has a few properties
2) Negative gearing, it would reduce my tax
3) I can talk about how many properties I "owned" (in fact, borrowed money from bank at 100%) at <insert some prestigious locations> in social gatherings, making me feel good.
4) Taxi driver talked me into it.
5) Property price ALWAYS GOES UP.
6) Rent money is dead money, someone is paying for my loan.
7) It is all over TV with all those renovation shows.
8) Everybody is doing it.
</sarcasm>