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I've now saved enough to buy a house (not my main residence, nice area) without a mortgage that has already been split into two substantial apartments. I'm getting 0.5% at the bank with my savings but the expected net yield is 4.2% after all costs including taxes are taken into account. However with the expected raise in interest rates should I go ahead? Thx

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If you are only getting 0.5% on a huge pile of cash then you must be either:

1) lazy, or

2) terrible at managing your own personal finances

Neither option bodes well for entering amateur landlordism.

Edited by ScrewsNutsandBolts

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If you are only getting 0.5% on a huge pile of cash then you must be either:

1) lazy, or

2) terrible at managing your own personal finances

Neither option bodes well for entering amateur landlordism.

or a troll :)

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