Originally Posted by
wrath
Wisconsin is one of the few places where renting is cheaper than owning. It's almost like they think it's New Yawk City. There is nothing wrong with renting. In fact, renting in a neighborhood before you buy is a great idea.
If you plan on selling a house in the next ten years before you even buy it, and it won't be covered under a relocation package, then the idea is fairly terrible in a financial sense unless you got an awesome deal on the current house. You *should* factor in costs associated with the home selling/buying process if you are planning to sell it.
One of the nice things about living in a more expensive neighborhood is that the cost of entry keeps people like me out.
Anyone that buys a starter home wants to "leave their mark" or "make it their own". So there is no incentive to have a "finished starter home". It's a money losing prospect unless you need shiny whizbangery in your starter home to show off to your punk friends that still live with ma and pa and don't care about the fact that no one likes your Ikea cabinets. It isn't until you get one step beyond a "starter home" that having a house that is "finished" makes sense and that's because the people buying that house already went through the pains of "finishing a starter home".
Buying a 2 bedroom 1 bath house is a terrible idea, unless you're old and plan on biting the bullet in it. Buying a 3 bedroom 2 bath house is fine, that is reasonable to have a few kids in if you so choose.