09-10-2008, 01:11 PM
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CC Member
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Join Date: Aug 2007
Location: Carlsbad,
Ca
Cobra Make, Engine: SPF 2932 with 438 Lykins Motorsports engine. Previous owner of FFR 5452.
Posts: 2,617
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Not Ranked
Quote:
Originally Posted by Excaliber
$500,000 appreciation value for a home? Yeah, like the typical American can look forward to THAT! What planet is this property from of which you speak?
I don't see that kind of appreciation even here in Hawaii, where real estate remains 'hotter than a pistol'!
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Baby boomers have owned their homes for twenty to thirty years. They have racked up that much or more here in California.
Heck, I have that much equity in my home and I have only owned it for 9 years.
So you would be willing to pay $28,000 in taxes on a $100,000 profit?
I'm not! |
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