3 ms·
> You would plan to live in it and probably retire in it Many people don’t. There’s an idea of a “starter home” that you buy and sell for a profit and trade up
by javagram 8y ago
> You would plan to live in it and probably retire in it
Many people don’t. There’s an idea of a “starter home” that you buy and sell for a profit and trade up to the dream house later on in life.
- sokoloff 8y agoI think that's a generally bad idea for the buyer(s), but a fantastic idea for the real estate agents and mortgage originators. I wonder who's out there pushing that idea... Buying a good future rental as an owner-occupant with the intention of moving out and renting it out later is fine. Buying a starter home gambling that it will appreciate fast enough to cover the transaction costs and aggravation is, well, gambling IMO.