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
It depends on what the market is like. For the US…
The rates and appreciation from 2010+ were such that if you bought during that time you probably made money.
Simply owning from 2016-2020 was enough to double your money in some markets, while your loan balance and interest rate are both fixed.
The question for the present is, are we in a flat spot or at the top of the chart before a crash.
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