Why do people buy houses they don’t plan to pay off? Most people don’t spend their entire lives paying off one house, so what is the financial benefit of getting a “starter home”? I’m new to the economics of real estate and I’ll take any wisdom offered.
In: Economics
A home gives you more options.
There’s utilizing the equity you build.
Rental potential.
Leverage opportunities via government subsidies.
Credit line diversification.
…and you have somewhere to live.
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