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5 Reasons Buying a Starter Home in 2024 May End Up Being a Waste of Money [Yahoo! Finance]

Angi Inc. - Class A (ANGI) 
Last angi inc. - class a earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.angihomeservices.com/investor-overview
Company Research Source: Yahoo! Finance
consider purchasing a starter home to enter the real estate market. However, this may not always be the best financial move , as buying a starter home can come with significant expenses. While you may save money on the initial housing cost, you could easily be stuck with major repairs and other issues that you can't avoid. Be Aware: 5 Types of Homes That Will Plummet in Value in 2024 Find Out: 7 Reasons You Must Speak To a Financial Advisor Before Spending $50,000 or More What are five reasons why you may not want to buy a starter home Earning passive income doesn't need to be difficult. You can start this week. High Transaction Costs “Buying and selling homes involve significant costs, like closing fees and agent commissions, which can erode any gains, especially if you move within a few years,” said Timothy Yang, a real estate expert and founder of Land Value Closing costs on a home can add up as they're usually around 3%-5% of the loan amount. According to the most re Show less Read more
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