Do I loose money selling my house after 5-10 years?
My wife and I are planning on buying a home in the near future. Since we are only 22 years old and don’t have a whole lot of money saved up, but decent credit scores and pretty good jobs we are looking for houses in the range of $ 150,000. We have pretty good job perspectives of making more money in the future through advancements and so on. We are thinking about may be buying a house for 5-10 years and then sell it and get something bigger. Assuming the market stays steady, would we be able to come out even or with a gain selling the house within that time period or would we make a loss due to interest?
In case it matters, we are living in Tuscaloosa, Alabama and were told that the market has been pretty steady in the past.