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It gives you the liberty to move for a better job. That's enormous when you're early in your career and switching jobs results in huge pay increases. Even with
by aianus 10y ago
It gives you the liberty to move for a better job. That's enormous when you're early in your career and switching jobs results in huge pay increases.
Even within the same city, it's really nice to move near your new job and not have a commute.
- Normal_gaussian 10y agoI don't see that this is a real problem for ownership. You can sell the house and buy another. Sure its more complex than simply giving notice and leaving but it isn't hard.
- aianus 10y agoThat costs a combined 6% of the property in brokers fees alone. That's like, $30k every time you move.
- bzbarsky 10y agoYou're assuming a $500k house price? That's quite a bit above the median in the US. The median is closer to $200k, which would be $12k for the real estate agent fees (assuming you don't use redfin, of course). And of course you can price that into your sale price. All of which is to say that optimal housing strategy depends _very_ strongly on the realities of the local market. Buying a house for $200k on a $50k salary is quite different from buying a house for $1.2 million on a $200k salary...
- nommm-nommm 10y agoSelling a house costs tens of thousands of dollars. It takes a long time and can be frustrating and emotionally draining.
- dmux 10y agoWhy not rent it?