[adamjb]

>In almost all cases the rental income will be higher than the mortgage payment

60% of Australian landlords claimed a rental loss in FY17/18 and that's not an outlier. [0]

In jurisdictions where rental losses can be written off against ordinary income, landlords are happy to collect the tax benefit and just do the capital play.

[0] https://www.theguardian.com/business/grogonomics/2020/jul/21...

[bollorior]

I am prepared to accept that 'almost all cases' does not include the insanity particular to the frothiest 60% of the Australian housing market ;)