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Reply to "How to swing a move to a move up house?"
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[quote=Anonymous]Most people have a starter home of some sort. Often the appreciation on that starter home is what gives you the equity to move up to the forever home. I bought my first home at age 27, and it was nowhere near my dream home, but it worked for me and I thought it would appreciate pretty well. It did, and I sunk the profits into my second home, which is likely my forever home. Other people my age who kept renting instead of buying when I did are either still renting or had to get married to be able to afford anything. Where the starter home gets dangerous is if you buy a house you've already outgrown or you absolutely have to sell it in a short time frame. I assumed i'd keep mine for 5 years and instead I kept it for 12 because there was just no compelling reason to leave a low mortgage.[/quote]
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