Quote:
Originally Posted by Coop63
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My wife is leaning towards renting first after reading all the replies. Surprising, given that the only thing she watches is HGTV. Renting first makes a lot of sense, but used homes with nice vistas in TV seem overpriced, given that I can build new for $100k less. This is based off anecdotal research thru Zillow and Villages listings. Building costs will only continue to rise.
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Along with building cost increases, when renting a few years, you lose the appreciation of purchasing a home.
When we did the math, it was a no-brainer to buy and sell in a couple of years of we didn't like the location.