3 ms·
Not in the bay area it won't.
by freeone3000 6y ago
Not in the bay area it won't.
- alistairSH 6y agoLooking at average sales values from the low point in ~2010 and today's high, there's about a $700k difference (looking at SanFran city). So, yeah, if you timed perfectly on an average house or higher, you'd have $200k+ of income to report. But, anybody who bought an average home within 5 years is going to be below the $500k threshold. Either way, you still walk away with $500k tax-free. Which is still a massive pile of cash by any measure, contrary to the post to which I responded.
- almost_usual 6y agoRich people don’t get rich paying taxes.