My husband and I are on Baby Step 2 of your plan. We move every two or three years due to our jobs, so would it ever make sense in our situation to buy a house?
In most cases like this it doesnít make sense to buy a house, especially if the real estate
market in your area is lethargic. Some markets have bounced back and are doing very well, while some are worse than slow. It all depends on where youíre moving.
Hereís the big question: Can you get the place sold quickly the next time you have to move? Another thing to consider is whether or not you can sell it for more than it cost when the time comes. If not, youíll be writing a check for home ownership, and thatís not a good plan.
As a general rule, a two- to three-year window is not enough time to own a home.
There are rare exceptions to this rule, places where you have a hot, escalating price market. But if youíre not careful youíll end up leaving behind a rental property and playing landlord, whether you want to or not!