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$300K gain. That's only on paper though. Posted by SWEDECAR [Email] (#112) [Profile/Gallery] (more from SWEDECAR) on Thu, 27 Oct 2005 18:23:02 In Reply to: Not very hard to do, pokeyjoe [Profile/Gallery] , Thu, 27 Oct 2005 15:04:01 Members do not see ads below this line. - Help Keep This Site Online - Signup |
That's kind of the problem (quander) some of us are facing right now that are NOT due for selling or retirement.
We are sitting on a lot of equity but it might be gone tomorrow (and I'm not talking earthquake) just like all the rich .com people that DIDN'T sell in time.
I don't even want to speak or see in those terms as seeing the house value as a retirement fond since I have no clue where it is going to go or when I'm ready for retirement.
The lady I bought from paid top dollar in 89 to lousy interest rates and then lost her job so she couldn't keep it. Her plans were to live in the house after retirement which was just some years away. In 96 she was forced to sell for half of what she paid and then some 5-6 years later the value was back up to what she ones paid for it.
We are all living in this big lottery game and some are winners and others loosers and you don't know until it is time to "cash in your chips" if you were a winner. At that time you have no use for the money anyway but your children might fight over them.
C'est la Vie
Anders
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