Now, in this example, we’re not looking at rental cashflow. We’re just looking at the house price going up.
And we’re assuming that your property perfectly follows the market (it won’t in practice).
But, let me be clear – I’m not trying to say that you wasted time when you were a foetus and that you should have bought property back then.
Instead, it’s a way of getting across the tried-and-true principle that generally, the earlier you invest, the more money you tend to make.
Want to see what it looks like for you?
Cost of Waiting Calculator: Figure out how much wealth you could have built if you invested earlier.
Do you always make more money by buying earlier?
Keep in mind that buying earlier doesn’t always make substantially more money.
Play around with the tool, and you’ll find plenty of exceptions.
Say you were born in 1990 and invested in Gisborne.
There’s only a $10k-or-so difference between the wealth you’d have today if you’d bought at 20 or waited until you were 25.
