Reply to How to avoid capital gains tax on house sale

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Pay the tax. If market tanks, you can pick up great stocks 50-60% off. Once it turns around, you will double your money. Bull markets last under a year.
I argued with several family members about selling two properties. They wanted top dollar while I wanted the money out. Meanwhile, my stocks and crypto did 8x and 4x in 2023-2024.
They ended up selling for what I had told them the home was worth a year later. Still waiting for the cash. Good that market crashing again.[/quote]

If you want to speculate on the market, you can get a loan.

It's great for you thay you made money speculating, but every dollar you made came from someone who tried the same thing but lost. [/quote]

What a dumb response.[/quote]

Not really. It’s safer to have an asset like real property in this unpredictable market. Stocks are wildly overpriced and seemingly unhitched from fundamentals. It’s basically gambling and seeing which CEO plays the political game best. Could you machine having your life savings dependent on the personality whims of Musk or Zuck? No thank you. A house can be rented to earn income. I can always move back in if so need to etc.  [/quote]

Real estate is overpriced now and will be increasingly illiquid in the near future. [/quote]

And ask the folks in LA whose houses burned down and can't afford to rebuild how safe real estate is as an investment. [/quote]

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