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

Just risky. You have alot of money tied up in the house. Things could go wrong, repairs, damages, market could change.

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