Quote:
Originally Posted by Homeslice
How are you losing nothing? You paid closing costs on each home.
And BTW what if the market was on an upswing? Not only did you not build any equity, but the next home would be more expensive.
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Factor in what would have otherwise been paid in rent and the deal should get to break even at least.
When the real estate market was really good people were able to accrue much more equity from increasing values than they did from the portion of their payment that went toward the loan principle. Of course it was also common to take out equity loans to buy crap so that equity often didn't stay with the house for very long.