Typical closing costs are 5%, while the seller usually pays these on purchase - it means that you lose 5% of your home price when you move house. On a typical 2

Typical closing costs are 5%, while the seller usually pays these on purchase - it means that you lose 5% of your home price when you move house. On a typical 20% down payment, that means you lose 100% of your down payment when you move assuming a flat market. Home ownership is a great financial vehicle in up markets, or if you live in a location for a long period of time.