I have this impression that it’s seen as a riskier decision to buy a home, knowing you won’t live in it long enough to pay off the mortgage and then sell it when you’re ready to move away, when compared to renting a home. Am I off base on that, and if so, why is this the case?
In: Economics
I did it. I bought a house near the university my son was attending and rented out the other rooms. It worked out very well. The rents paid for the mortgage and taxes, he got to live rent free, and the house sold for 20% more that I paid for it.
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