I agree that I don't have all the info to make a true apples to apples comparison, but even your illustrative example is way off: 1.2M - 6% realtor fees is 1.1

I agree that I don't have all the info to make a true apples to apples comparison, but even your illustrative example is way off: 1.2M - 6% realtor fees is 1.128M. Thats 72K just for realtor fees right off the bat. not including including costs like city transfer tax, capital gains for short term sales, and countless other seller fees that vary by market temperature. All this comes off your 200k "profits", which is still great, but homeowners typically take years just to stop being underwater when buying a home.