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[quote=Anonymous][quote=Anonymous]^^^^  I'm glad you're not my financial adviser.  Good luck with that.  After you pay 6% to a broker, pay transfer taxes and settlement costs (another 2% or so), and pay recordation taxes, settlement costs and moving costs on the new place a block and a half away (another 2% to 3%), you'll be out nearly $100,000.  That's all because your neighborhood school sucks.  Give a big high-5 to the City Council's Education Committee for me, and your dedicated DCPS "administrator".  They really helped you out![/quote]

I still don't understand. Your house is only worth what you can sell it for. Yes, we will need to pay fees associated with house selling, but we would need to pay those whenever we sell our house. So, actually, we will be up about $125K hard cash post-sale even after we account for costs v having $220K or so of non-realized capital gains. We plan to move at some point anyway (want more space and to be closer to public transport), so while this forces our hand a bit on the timing, it's certainly cheaper than private school, which was your other suggestion. Either way, it's not actually going to cost us much beyond whatever we lose by having less flexibility to play the market re: the timing of buying and selling. Again, I'm glad you're so concerned about my finances. [/quote]

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