The bank looks for stable job, hence at least 6 months there... the reality is not exactly like the newspapers depict it
The fact that there are so many homeowners here is (also) caused by the fact that soon after the old regime was abolished, the people was able to buy the flats they were living in, and the prices were extremely low. Else the percentage would look awful, actually.
Yeah, I looked a bit at the statistics and the whole thing becomes less and less rosy
You see that's the problem with scenarios, when you set them so that the result points to what you want to achieve, one might ask himself, is the scenario actually true? What if the rent is 550 and the mortgage 600? What if your investment fails completely? And more importantly, what if the price of the house goes up?
In 2010 the price of an sqm in London was 4500, not it's above 7000!
So even with your scenario, you would have to turn every single of those $200 into $900 in order to keep up just with the housing price!
Do you think is doable for everyone?
Simple solution, rent it while you're away!
You move to a different city, rent the house and with the rent, you pay the current one, it's pretty simple!