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Did you include closing fees? Those can take a big chunk out of the appreciation when you sell and buy, and could make a difference of not breaking even for an
by milkytron 5y ago
Did you include closing fees?
Those can take a big chunk out of the appreciation when you sell and buy, and could make a difference of not breaking even for an additional year or two.
- dimes 5y agoYes, fees were included for selling the house, but I did not include capitol gains taxes in the investment calculation.
- snowwrestler 5y agoYou should because that can be a big factor in comparing returns between home ownership and equities. You can keep $250k of capital gains on your home tax free, while the lowest capital gains rate you’ll pay when selling equities is 15%. That can be a significant difference in what you take home.