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
Buy house.
House increase in value.
Sell house for more money.
Bank gets what you borrowed and you get the rest (i.e. More money than you had).
Repeat.
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