Homes Cost Too Much! Everything Costs Too Much!

[modrepub]

78. Buying Up

still entails a loss of maybe 10% of the value of the home for realtor fees and such. If the smaller old-stock house is still functional as far as living quarters then why move in the first place? My father was frequently transferred because of his job so we moved a lot until I started elementary school. But every time you move you lose a bit of your home value to the realty group, house prep and moving costs. Trading up, just seems to be a racket encouraged by the realty folks to ensure they get their 6% commission multiple times from the same folks.

Again, the government, realtors and folks selling stuff to fill up your house seem to be encouraging most folks to move into bigger houses that only drain peoples finances. Yea, maybe you build some equity but only if there's another sucker to take your place off your hands when you can no longer afford to keep up appearances.