Quote:
Originally Posted by FlyingScot
It is. This whole thing is a great example of how rising real estate values do not benefit anyone except professional investors and realtors.
True that civilians (pretty much all of us on the forum) end up with more money at sale--but are we really any better off? If you're not too damn old to enjoy it, you just have to spend it on your next house.
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Yes, this is true IF you plan to stay in the same area after the sale.
BUT...you do have a viable option to maximize your return: do what hordes of Californians have done.
Due to inflated real estate prices in LA, SF etc. many Californians sold for a lot of money and then moved north to Oregon and Washington where land and homes were much cheaper: lots of McMansions on five acres fueled by these jokers.
The point: take the money and run to an area with more bang for the buck.
Ah, but then you'd be away from the lakes region, and for many that is a non-starter.