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That’s great if you need $500k cash. If you have a spare home, this probably doesn’t apply to you. Why take $500k of cash you don’t need now when you can take
by matthewmacleod 5y ago
That’s great if you need $500k cash. If you have a spare home, this probably doesn’t apply to you. Why take $500k of cash you don’t need now when you can take $700k or more in ten years?
- thehappypm 5y agoIf you're savvy enough financially that $500k is not interesting to you, just holding, paying taxes and insurance, and hoping for appreciation is a terrible investment strategy.
- lotsofpulp 5y agoIt is a pretty good strategy if it is just one of many of your assets, one where you can continue rolling into a higher value asset and never paying capital gains tax (1031 exchange).
- thehappypm 5y agoFor this to work you need at least some income — in fact this is the business model of many parking lots! Buy some land, make a bit of cash flow, and if it appreciates cash out and someone builds a condo.
- seoaeu 5y agoSince if you put that $500k into the S&P 500 you could end up with $1M or more after a decade?