Flip houses or move to "the dream house" first?

[Dandelionkid]

My husband works for a builder so he can build a house and save at least 30,000 each time. He can then sell it and build again every two years to keep gaining equity. Everyone who works for this guy does it.

We looked at the building sites and didn't like the tiny yards etc. Then through word of mouth we found out about this really great deal on a 5 acre piece of land. We bought it and we are planning to build this year.

I have doubts. His boss keep telling us we should buy/sell- he holds the mortgage on the new place until we sell the old place. A pretty sweet deal. I feel like we are missing out on financial security down the road.

On the other hand, we have small kids and I would love them to grow up on an acreage. We will be doing a lot of it ourselves (sourcing materials from the States (I am in Canada) and doing our own painting etc. Still, the minimum our mortgage is likely to be is still at the limit of my comfort level.

I love this land and I don't like the idea of moving all the time- I like to put down roots, get to know neighbors.

Edited to add- Ok- I thought it through. We are staying with our parents while the acreage house is being built and are likely to save a similar amount of money as he would building a house with his company just by being rent-free. Also, and this is hard to hold on to, I value continuity and stability for my family. I don't want to move every two years. We live very hard and keeping a house beautiful to sell every two years would be hard on me. 

Thoughts still welcome :)

What do you think? 

[MCsMom]

I'd rather not move every two years, especially not 'across town' type moves.

[Ellien C]

For me, we waited until we could buy our forever home. We were old when we got married but neither of us had a house. We are NEVER moving. I couldn't take moving every 2 years, especially with young kids. Plus I always followed the advice of not buying until you could commit to staying 5-7 years to build equity and recoup your closing costs in a "normal' market. I think it really depends on the person. Lots of people do move every few years - I had a friend in the neighborhood who did that growing up. But I know it's not for me. 

[Dandelionkid]

Originally Posted by Ellien C 

For me, we waited until we could buy our forever home. We were old when we got married but neither of us had a house. We are NEVER moving. I couldn't take moving every 2 years, especially with young kids. Plus I always followed the advice of not buying until you could commit to staying 5-7 years to build equity and recoup your closing costs in a "normal' market. I think it really depends on the person. Lots of people do move every few years - I had a friend in the neighborhood who did that growing up. But I know it's not for me. 

Thanks to both the responses. Another mark against moving every two years is that the market has really slowed and started to decrease slightly in this area so it wouldn't be a dramatic flip in two years. Wish we had thought to do this during the housing boom!