EEVblog > EEVblog Specific
eevBLAB #66 - Renting vs Buying a Commercial Office Lab
EEVblog:
Dave runs the numbers on renting vs buying a commercial office space to use as a new lab here in Sydney.
Commercial vs residential loans, business loans, interest rates, location, office fit out, outgoings.
johnlsenchak:
In the United States when you take equity from a bank in lieu of your residential property it's called a "HeLoC" ( home equity line of credit)
EEVblog:
--- Quote from: johnlsenchak on October 21, 2019, 04:42:18 am ---In the United States when you take equity from a bank in lieu of your residential property it's called a "HeLoC" ( home equity line of credit)
--- End quote ---
Ah, I've heard that before. It's basically just "line of credit loan" here.
But that's only if you own the home an/or take out credit on the portion you own. Otherwise you just take the money form your existing loan as a "redraw" or from an offset bank account built into most loans here.
ebclr:
Have one unpredictable component on the equation, whos is real state valuation/devaluation, and this can be a game-changer especially in bubbled markets ( I believe Australia is on that class )
nctnico:
--- Quote from: ebclr on October 21, 2019, 11:35:53 am ---Have one unpredictable component on the equation, whos is real state valuation/devaluation, and this can be a game-changer especially in bubbled markets ( I believe Australia is on that class )
--- End quote ---
Do like Trump: sit on it forever and make a whopping 1.25% interest rate (corrected for inflation).
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