the PI found it!
You only gain if you sell and downsize to an area with less of a cost. A not so good area but example is selling a house in AZ then buying in one of the small towns in western WA. My friend gained $240,000 from his sail and now is building around a 5000ft home. Just crazy.
-Chris
-Chris
Originally Posted by 3ngin33r1,Jul 8 2006, 08:27 AM
Uh, so they made $134,000...
($700,000 - $450,000(new condo) - $116,000(original purchase price)
How is that a pot of gold? Bronze, maybe.
($700,000 - $450,000(new condo) - $116,000(original purchase price)
How is that a pot of gold? Bronze, maybe.
good for them!
Originally Posted by WRS2K,Jul 8 2006, 02:19 PM
maybe not playing to your hilton family levels, but it ain't nothing to sneeze at. they look like a pretty laid back couple... and for someone to say they OWN their place (in downtown seattle no less and seemingly fits their lifestyle needs) and can pocket six figs... waaaay ahead of the game locally.... nationally... and WAAAAAAAAAY ahead globally.
good for them!
good for them!
Originally Posted by 3ngin33r1,Jul 8 2006, 08:27 AM
Uh, so they made $134,000...
($700,000 - $450,000(new condo) - $116,000(original purchase price)
How is that a pot of gold? Bronze, maybe.
($700,000 - $450,000(new condo) - $116,000(original purchase price)
How is that a pot of gold? Bronze, maybe.
Originally Posted by PDX S2000,Jul 10 2006, 09:44 PM
and it took 8 years...







