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
Much of it boils down to fees. Realtor, lawyer, land transfer tax, etc. If you stay long enough you’re effectively amortizing those transaction fees down to reasonable amounts but if you’re jumping every few years, that’s many thousands blown every time.
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