Quoted from mbaumle:'Murica! Just to be clear, I would never do such a thing, but man... What a tempting proposition! What's an extra $8K on top of $250K anyhow!? A spit in the ocean!
I’m thinking of doing that very thing. Although I can’t remember when houses (or units) were that cheap. Average 3-4 bedroom house here is about $550k AUD ($430 USD). If you want room for pinball machines, add an extra $100-200k AUD. When you are in debt for that much, who gives a shit about another 13k. If you live in Sydney then you won’t get much change (if any) out of 1.2 million AUD.