The decision to buy is prone to two major risks:
1. That the value of the property will fall.
2. That you will be offered a better job in another town and it's too expensive to move
1. That the value of the property will fall.
2. That you will be offered a better job in another town and it's too expensive to move
Buying a home to live in is a form of un-diversification.
"Mark to mortgage" == vacancy. If you want to successfully speculate on real estate (as any homeowner does, landlord or occupant), you need to be willing to take losses over long periods of time.