Quote:
Originally Posted by simplepeddler
Considering that many are not moving and pulling out to liquidity (taking profits) could this be considered part of a conspiracy to get folks to take gains and pay taxes on them??
Just my mind wondering.
I am standing pat, was pretty conservative any way.
I have stopped funding my 401K past matching by the company and putting that towards a rental condo in Orange Beach that we picked up considerably lower than appraisal. I am confident it will cash flow and grow in value over the next five years.
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My grandmaw has a beach condo in Gulf Shores, she bought it 15 years ago or so now appraises for 10x what she paid for it. Thats not counting what she rents it out to friends for (which is half of what you pay through the condo itself so it's a win win for her friends and her)