Quote:
Originally Posted by zx10guy
You forgot real estate agent commission fees. Granted you can do a FSBO but chances are you still have to pay 3% for the buyer's agent commission.
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I also forgot moving costs. These need to be included, because they are transaction costs associated with disposal of the asset. These can add up to several thousand dollars, or much more, even for a small family and small home.
In my view the NPV attractiveness of owning a home vs renting is not there. There are however other, nonfinancial, reasons to own a home.