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To: MtnClimber
What that means is that if you bought a house for $60,000 in the 1970s, and saw its value go up to $1,000,000 on Zillow last year

At this rate in another few decades that 60k for an old home will be worth about 14 million. What a joke...

21 posted on 08/21/2024 10:41:49 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

Hmmm...

House sold in 60’s for 60K fiat = $480 (24) Double Eagles
Current - $1,000,000 = $8000.00 (400) Double Eagles

Doesn’t look like it passes any taxable threshold :-)

You CAN do that also, as long as you don’t get schemey/greedy and try to advantage the Lawful money side and then borrow its fiat value out (the FAIL encountered by someone who was operating for a long time under this and then apparently wanted more “stuff”).


60 posted on 08/21/2024 5:40:30 PM PDT by Axenolith (Here... Hold my beer and check this out...)
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