[hoorible]

Yes, it’s possible to build equity this way, but man there are much better ways. All that assumes it costs nothing to move which is ridiculous; especially if you’re the seller.

In Canada, the seller always pays the realtor fees for both buyer and seller, and both parties will pay for independent property inspections by qualified professionals. Preparing a home for sale usually incurs at least some small reno work to make it more attractive vs other properties on the market. Moving expenses and lawyer fees, while not outrageous also are a factor.

Technically there are commission-free ways to conduct home sales, but those still have associated costs (lawyer fees don’t go away) and lack protections buyers want so are avoided by the majority of buyers. This means the home sells for many thousands less than otherwise, negating the savings. 3x the work for at best the same payout.

With everything factored in, selling and moving will often cost over 10k (certainly over 5k) for the seller. So buying a home once and staying in it for 30 years would net savings of 30-60k vs moving every 5 years for same time period. Putting that much extra money on your principle interest-free (possible once a year with most mortgages here), or say using that money for a second property to rent out, would build equity MUCH faster.

[dzhiurgis]

> both parties will pay for independent property inspections by qualified professionals

So strange this isn’t regulated by the state - have a single independent report as a prerequisite to even start a listing.