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I recognized that, which is why I tried to stick to a high-net worth situation like this particular one. I'm far better off buying a $300k house than having $6
by selectodude 5y ago
I recognized that, which is why I tried to stick to a high-net worth situation like this particular one.
I'm far better off buying a $300k house than having $60k in investments but those comparisons become a bit more fuzzy at these 7-figure numbers.
- lotsofpulp 5y agoI am not so sure. Another benefit of CA real estate is that you can gift it to your kids and not be subject to state estate taxes, and the capped property tax carries forward to your kids. Popular California land is a very unique asset.
- thghtihadanacct 5y agoThe best benefit to one of these houses in this area is that you have one of these houses in this area. My house isnt an investment but a roof over my head and a good sized yard not far from a very beautiful bay and lots of mountain trails. Its worth more to me than what zillow says.