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Today in 1971 US jazz trumpeter Louis Armstrong died

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Wednesday, November 15, 2017

Why buy when you can rent?

 

An old cobber of mine from my time on Bougainville spends his retirement days moving from place to place: six months here, six months there, and if a place really appeals to him, he may even sign a twelve-month lease.

After the Gold Coast, Port Douglas, and Cairns, he just now signed a twelve-month lease on a unit at Boyne Island, 25 km south of Gladstone and a stone's throw away from the beach at Tannum Sands.

The rent is a bank-breaking $160 a week for a fully-furnished two-bedroom unit with beds, fridge, dishwasher, and a comfortable lounge with telly. They even supply the oven gloves in the kitchen!

As he writes, "Just moved in today. Fridge stocked with a very nice German brew and a kilo of prawns and nice crunchy bread rolls. Seventh heaven! Bloody hell, life is grand!"

I know this question has been asked before albeit in a different context, but here it is again: why buy when you can rent?


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