If you buy a house you pay yearly real estate taxes, school taxes, fees, fines, violations, lawyers, handyman, contractor, plumber, permits, lawyers ....
City makes more money on homeowners. They're easy prey. It's because of tenants that they receive violations mostly because tenants ignore city laws. The landlord pays for tenant disobedience.
taxes are paid whether up front or burined within rent payments. my point is that each time you buy a house, you don’t start the mortgate clock ticking from the beginning again, but your closing fees, inspection costs (and these add up)get paid again.
let’s assume they total ten grand. you buy a house, you pay ten grand in other costs. if you buy the right house in the beginning, there’s no need to spend that money again, BUT if you buy a house that you know isn’t going to last (remember starter houses?), then you will have to buy another house...another ten grand. and if you buy another house, another ten grand.
nobody thinks about those costs...except those who benefit from them