I was thinking the same thing. We bought a fixer upper 6 years ago for 200K. I've put 100K into it but that's mostly just materials because I've done 90% of the work myself. I was told I could probably get around 500K but I don't think I could buy a better place for that so what's the point?
Quote:
Originally Posted by Descant
As always, if you sell for a high price, when it comes to buying an equivalent replacement, you will buy at a high price and lose your sweat equity. And maybe you paid substantial capital gains tax? Or, you sit on the sidelines, wishing you still had a summer place, and wait for the next recession.
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