I agree about the changes in houses...you walk into a 10x10 room nowadays and say "next". And I do frequently wish for a 3rd car garage (for lawnmower, bikes, motorcycle, etc). The good news is that we actually PARK in our 2-car garage vs using it for a junk magnet.
We did pay off our house - didn't go with "shorting the dollar" because we preferred peace-of-mind with having no debt. Our daughters also both got into their houses before they became completely out of reach (and one is using real estate as their wealth-builder). But I'm still always pondering those "unrealized gains taxes" as well if you don't pay your real estate taxes - which the government unilaterally determines how much they should be - they take your house away. So, do you REALLY own your house?
We also have a cabin, which we now use for short-term rentals, so I could get double-whammied with the taxes. If that happens, I'll just hope the asset prices have stayed up enough to get out and reallocate more to #bitcoin. We are over 55, so I'd even consider the sell one house, write off the gains, move into cabin for a couple years...sell the cabin and write off the gains again.
But will I be selling to BlackRock?? Do not like that idea at all!
bitcoinbadger / BitcoinBadger
npub1zle…pppa
2024-05-09 17:19:49
in reply to nevent1q…adpl
Author Public Key
npub1zleyq5x90ssge0mjf0fquy5dd0n0z3tytqtfddzvgvh0j54e8k2sxypppaPublished at
2024-05-09 17:19:49Event JSON
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