But the tune has changed completely — to the point that in many cases, it’s simply better to rent than to buy. “It’s usually only a good idea to buy if you plan to stay in the house for a least five to ten years,” says Kaplan. “You have to expect slow appreciation.”
A lesson I learned for sure. Not that I thought we would make a profit on the house we bought two years ago, but I thought we would be able to move in 5-7 years. Seems unlikely now.
My advice to everyone I know, don’t buy unless you are positive you will and want to be there for the next 10 years.