Then to make matters worse after I finally sold, what I effectionately called the amityville house, the same realtor told me not to buy a small row house in the city because it wasn’t a good investment. I am pretty sure he thought too many dark people lived in the area.

I think in some ways it’s like a job, the financial side is important but you have to like what you as well. With a house it’s great if you make money but in the mean time you have to live there

Whether you rent or own the value is much more than the equity involved. In your instance the added value is that you have a place where you can live and have your pets.

The problem iwith realtors like this is that they are preying on unsuspecting individuals and families purporting that selling a home in 3 years will be easy while ignoring the great risks involved.

The reality is there is a very good chance they won’t be able to sell the home (aside from a short sale) and could very likely go into default. This can have severe ramifications for a service member, particularly one whose job relies on maintaining a security clearance.

This churn on properties actually benefits realtors like our friend here because they can get involved in the transaction again when the bank sells the house. Meanwhile left in the wake is someone with their credit and possibly career in shambles.