I'm single and looking to buy a home. I don't really like renting a tiny apartment and would rather have my own place. I think this is a simple question, but I'd like a better explanation from some of you as to WHY it would be better to buy a smaller less expensive house vs a bigger more expensive house?
Just a hypothetical:
Example: Say I buy BOTH a $95,000 and a $45,000 the same day and sell them both exactly 3 years later and are both on a 30 year fixed mortgage and I put down a 20% down payment.,… Would I lose more money on buying one or the other? Explain please.
Read more: Buying a small house vs buying a bigger house?
