What is the point of buying a home for people who frequently move?

Answer 1

Buying a home is one of the best invetments you can make. Instead of Filling Your Landlord's Wallet (Article: http://www.biggerpockets.com/articles/stop-filling-landlords-wallet.html ), you are accumulating equity. Every payment you make towards your principal (in your mortgage) goes into your equity. As time goes on, this builds up, even if your property does not gain in value. The difficulty with owning property for someone who moves frequently is that the the costs of buying/selling might negate the gains you could make from price increases or built up equity if you are doing it too often.

Answer 2

I think this is a genuine and interesting question. If the people who frequently move still have sometime to think about buying a home, they must be moving not less than 2 years, I guess, and they must have also enough money to buy a house. If this is correct, than the point to buy a home could be : 1. Save the rental cost 2. Invest the money in property 3. Increase the dignity 4. More free and peaceful life 5. More bankable.

Answer 3

I'm convinced the idea for "flipping" came from a military family.

Military members have been buying and selling a home quickly for decades. Base Installation housing is inadequate in many locations, and often unavailable.

Coming out even on the expenses is usually the goal, making a profit is just a perk they don't necessarily expect. And some people really prefer to own their own place...

Answer 4

It is a matter of choice. They must want a single family home.
There are more single family homes for sale than for rent & there
are more & better choices available.

Answer 5

Not. It is adviseable to stay a minimum of three years if you expect to make any kind of profit.

Answer 6

because if you buy a home.. generally it goes up in price so it is an investment.

Answer 7

Perhaps those people are too rich and they're confused how to spend their money