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I understand, but this is part of the benefit of owning a home. You gain the ability to create passive income, which can be necessary depending on your own line of work.
I kept running into this problem before I got a realtor. 2 days after I got a realtor I was putting in an offer on the house I live in now.
If you’re working with a realtor and still not finding any homes in your budget my advice is to either find a new realtor or be patient. :)
I don’t disagree, and I intend to sell, I’m just saying the option is part of the benefits of owning a home.
To answer your question though, you can become worse off if you lose a really good interest rate… Some people might not get to choose to move during an optimal time in terms of interest rates, some people might be leaving their home for a brief period and have to rent elsewhere but intend to return to their home and can’t afford a mortgage + rent, some people may not be able to sell for a profit high enough to afford a down payment on a traditional loan (depending on the economy when they purchased it to begin with) but have to move away for family or work reasons. Obviously these are extenuating circumstances and more often than not it’s just someone trying to build wealth.
I’m just saying, there’s a lot of factors. Sometimes it’s a greedy landlord, I know a few of those, but sometimes it’s someone in circumstances that make renting their home the best option for them, and I don’t think that’s a selfish decision.
Fast flippers are WAY more selfish and evil. Those homes that look brand new but were last purchased less than a year prior with a mismatched google maps image are the homes that will REALLY screw over someone buying their first home ☹️