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A comment on Renting is Throwing Money Away, Right? (2015). Parent comment

Re:Renting is Throwing Money Away, Right? (2015) by code4tee on Monday April 23, 2018 @01:04AM (#16900643)
People tend to move up as they establish and grow a family but then sideways or down in retirement. That equity stays even if you move up into a bigger house.

It’s not uncommon for someone say in an extensive Northeast community to retire to a warmer climate down south, sell their house, use the proceeds to buy something much nicer (in a low COL area) and cash out a nice payday from their equity.

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Re:Renting is Throwing Money Away, Right? (2015) by lotsofpulp on Monday April 23, 2018 @06:10AM (#16902026)
It's not uncommon, but I doubt it applies to people who did not buy within commuting distance of a major city. The housing stock is old in the Northeast, the taxes high and getting higher, and unless there's more high paying jobs coming, there's no one to buy the houses.
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