Why is it a bad idea to buy a home and sell it after a few years instead of renting?

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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

32 Answers

Anonymous 0 Comments

nobody said its bad.
it really depends on your local laws, fees and market. and how you financed that house and what were the bank’s conditions, etc…
it all depends.

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