On: The Renter’s Manifesto

[hugh3]

How's that? Sell house, sign lease, you're done. Only a problem if you're underwater and I'd strongly advise against buying for anyone in a position where winding up underwater is a strong possibility (ie anyone with less than, say, a 20% deposit).

[usaar333 → hugh3]

Even if you aren't underwater, it still sucks to lose a quarter of your down payment because the value of your home dropped 5% in a year.

Also, you lose 6% total from real estate commissions; consequently, it is much harder to move between owned homes and rented ones.