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San Francisco Bay Area
Reply to "SF Real Estate - settle this argument"
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[quote=Anonymous][quote=Anonymous]If you wait one more year, you can shave $500k off of what is taxable. You should also crunch the numbers and make sure you’ve identified another feasible RE market - higher interest rates you’ll pay on the new house and the taxes you’ll pay on the sale. [/quote] Huh? What taxable money are you talking about? They bought for $1.2M, it's now worth less. Maybe I'm not understanding what you're saying. [/quote]
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