G'day everyone.
This is my first post but I have been lurking for a while. I would just like to congratulate Kathryn D. Kum Yin Lau, Sue 78's MIL, and Nikolina, and I think from the way they wrote Uncle Perce and Natmarie 73 for being able to live independently from rent. What a marvelous achievement.
Slim
Slim,
At the moment I am cash flow positive with a bit left over but I certainly wouldn't be able to live off my rent unless I could get my expenses <$200 per week. I have an offer on a property where I live that if it all goes through would allow me to not have to work but I would probably only have $1000 per week to live off out of which ongoing bills etc would need to be paid. I don't know about anyone else but $1000 a week is not enough for me to quit work especially if interest rates rise and cut into my cashflow.