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
House prices mostly go up, but sometimes go down. If you buy and prices go down you could lose a large amount of money by selling. Over 20 years you are virtually guaranteed a steady increase. Over 1 or 2 years there is a risk of a big loss. (And fees, as mentioned in other comments)
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